JPMorgan plans PLUS with 23.25% cap linked to commodities basket

By Susanna Moon

Chicago, Jan. 15 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Feb. 27, 2015 linked to a basket of equally weighted commodities and futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The underlying components are gold, platinum, palladium, soybean futures contracts and WTI crude oil futures contracts.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 23.25%.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.

The notes will price on Jan. 24 and settle three days later.

The Cusip number is 48126NTR8.

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