JPMorgan plans to price 0% PLUS due 2013 linked to S&P 500 index

By Marisa Wong

Madison, Wis., May 31 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Aug. 1, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum payment of $11.70 to $12.10 per $10.00 principal amount.

Investors will be fully exposed to any losses.

The securities (Cusip: 46637G546) are expected to price on June 28 and settle three business days after that.

J.P. Morgan Securities LLC will be the agent, with Morgan Stanley Smith Barney LLC handling distribution.

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