JPMorgan plans PLUS due 2015 with 20.15% cap linked to stock basket

By Susanna Moon

Chicago, March 19 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due May 5, 2015 linked to a basket of equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are salesforce.com, inc., Google Inc., Qlik Technologies Inc., Palo Alto Networks, Inc. and Time Warner Inc.

The payout at maturity will be par plus 150% of any gain in the basket, up to a maximum payment of at least 20.15%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 31.

The Cusip number is 48127E478.

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