JPMorgan plans buffered PLUS with cap linked to currency basket

By Susanna Moon

Chicago, Sept. 20 - JPMorgan Chase & Co. plans to price 0% buffered Performance Leveraged Upside Securities due Oct. 30, 2014 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Indian rupee, Russian ruble and Australian dollar.

The payout at maturity will be par of $10.00 plus double any basket gain, up to a maximum return of 100%.

Investors will receive par if the basket falls by up to 12% and will lose 1% for each 1% drop beyond 12%.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.

The notes will price on Sept. 27 and settle three days later.

The Cusip number is 48126H357.

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