JPMorgan plans 7%-9% autocallable yield notes linked to two indexes

By Susanna Moon

Chicago, Oct. 10 - JPMorgan Chase & Co. plans to price 7% to 9% autocallable yield notes due Jan. 28, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly, with the exact rate to be set at pricing.

The notes will be called at par plus accrued interest if both components close at or above their initial levels on any quarterly call date.

The payout at maturity will be par unless either component ever closes below its 65% trigger level during the life of the notes and either index finishes below its initial level, in which case investors will share in losses of the worse performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 23 and settle on Oct. 28.

The Cusip number is 48126NXL6.

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