JPMorgan to price principal protection notes linked to multi-asset portfolio via UBS

By Angela McDaniels

Tacoma, Wash., July 3 - JPMorgan Chase & Co. plans to price zero-coupon 100% principal protection notes due July 31, 2013 linked to a multi-asset portfolio via UBS Financial Services Inc., according to an FWP filing with the Securities and Exchange Commission.

The portfolio includes the JPMorgan GBI Global Bond Total Return index hedged into dollars with a 45% weight, the S&P 500 index with a 33% weight, the MSCI EAFE index with a 17% weight and the Dow Jones - AIG Commodity index with a 5% weight.

The payout at maturity will be par of $10 plus 100% to 110% of any portfolio gain, with the exact participation rate to be set at pricing. Investors will receive at least par.

The notes are expected to price on July 28 and settle on July 31.

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