JPMorgan plans issue of principal-protected notes linked to index basket

By E. Janene Geiss

Philadelphia, Oct. 23 - JPMorgan Chase & Co. plans to price 0% principal-protected notes due May 21, 2013 linked to an equally weighted index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.

Payout at maturity will be par plus any gain on the basket times a participation rate that will be at least 105%. The exact participation rate will be determined at pricing. Investors will receive at least par.

The notes are expected to price Nov. 16 and settle Nov. 21.

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

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