JPMorgan plans single observation knock-out notes tied to Oracle

By Marisa Wong

Madison, Wis., Jan. 10 - JPMorgan Chase & Co. plans to price 0% capped single observation knock-out notes due Jan. 30, 2013 linked to the common stock of Oracle Corp., according to an FWP filing with the Securities and Exchange Commission.

A knock-out event will occur if the final share price of Oracle stock is less than the initial share price by more than 20%.

If a knock-out event occurs, investors will be fully exposed to any share price decline. Otherwise, the payout will be par plus the greater of the share price return and a contingent minimum return of at least 9.05%. The payout is subject to a maximum return of at least 20%.

The exact maximum return and contingent minimum return will be set at pricing.

The notes (Cusip: 48125VJG6) are expected to price on Jan. 13 and settle on Jan. 19.

J.P. Morgan Securities LLC is the agent.

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