JPMorgan plans to sell 0% return enhanced notes linked to commodities basket

By E. Janene Geiss

Philadelphia, Nov. 7 - JPMorgan Chase & Co. plans to start selling 0% return enhanced senior unsecured notes linked to a weighted basket of up to six commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying basket may include primary aluminum, copper grade A, gold, standard lead, silver and special high grade zinc, with weighting to be determined at pricing.

The basket level will be determined on an observation date or the average of several observation dates to be determined at pricing.

At maturity, investors will receive par plus the basket return multiplied by an upside leverage factor, which may be subject to a cap.

If the notes have a buffer, investors will be protected to the buffer amount and will share in losses beyond the buffer amount, with the loss amount multiplied by a downside leverage factor.

If the notes do not have a buffer, investors will share in any losses on the basket.

J.P. Morgan Securities Inc. will be the underwriter.

Terms on specific offerings to be sold will be released at future dates.

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