JPMorgan plans 10% callable yield notes linked to metals, Brazil ETFs

By Angela McDaniels

Tacoma, Wash., Aug. 1 - JPMorgan Chase & Co. plans to price 10% callable yield notes due Aug. 31, 2012 linked to the SPDR S&P Metals & Mining exchange-traded fund and the iShares MSCI Brazil index fund, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless either underlying component closes below its trigger level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, up to a maximum payout of par.

The notes will be callable at par on Nov. 30, Feb. 29, 2012 and May 31, 2012.

The notes (Cusip: 48125XE36) are expected to price Aug. 26 and settle Aug. 31.

J.P. Morgan Securities LLC is the agent.

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