JPMorgan plans issue of principal protected notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Nov. 29 - JPMorgan Chase & Co. plans to price 0% principal-protected notes due June 28, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Pricing is expected to be Dec. 22 with settlement set for Dec. 29.

Payout at maturity will be par plus any gain on the index on June 25, 2013 - the observation date - times a participation rate that will not be less than 103%. The participation rate will be determined at pricing. Investors will receive at least par.

JP Morgan Securities Inc. will be the agent.

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