JPMorgan plans 0% buffered return enhanced notes linked to AIG Commodity index

By E. Janene Geiss

Philadelphia, April 2 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due April 30, 2010 linked to the Dow Jones AIG Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price April 16 and settle April 23.

Payout at maturity will be par plus any positive return on the basket multiplied by an upside leverage factor that will be set at pricing and will be at least 2. The payout will be capped at a maximum return that will be set at pricing and not less than 86%.

If the basket declines by 10% or less, the payout will be par. Investors will lose 1% for every 1% that the basket declines beyond 10%.

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

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