JPMorgan plans 11.5%-13% autocallable yield notes on fund, indexes

By Susanna Moon

Chicago, May 3 - JPMorgan Chase & Co. plans to price 11.5% to 13% autocallable yield notes due May 15, 2013 linked to the least performing of the SPDR S&P Metals & Mining exchange-traded fund, the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus accrued interest if the underlying components close above their initial levels on any of three quarterly call dates. The call dates are Aug.10, Nov. 12, 2012 and Feb. 12, 2013.

A trigger event occurs if any underlying component closes below its 60% trigger level during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par.

If a trigger event occurs and the return of the least-performing component is negative, investors will share in those losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 10 and settle on May 15.

The Cusip number is 48125VXR6.

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