JPMorgan plans 5%-7% autocallable yield notes linked to two indexes

By Jennifer Chiou

New York, Oct. 30 - JPMorgan Chase & Co. plans to price 5% to 7% autocallable yield notes due Dec. 1, 2014 linked to the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

Interest is payable monthly, 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 70% 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.

The notes (Cusip: 48126NZH3) are expected to price on Nov. 25 and settle on Nov. 29.

J.P. Morgan Securities LLC is the agent.

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