JPMorgan plans return optimization notes tied to corn, soybean, wheat

By Angela McDaniels

Tacoma, Wash., Feb. 1 - JPMorgan Chase & Co. plans to price 0% return optimization securities due Feb. 17, 2012 linked to a basket of futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of corn, soybeans and wheat futures contracts.

The payout at maturity will be par of $10 plus 1.5 times any increase in the basket, subject to a maximum return of 26% to 34% that will be set at pricing. Investors will be exposed to any decline in the basket.

The notes (Cusip: 46634X492) are expected to price Feb. 11 and settle Feb. 16.

UBS Financial Services Inc. and J.P. Morgan Securities, LLC are the agents.

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