JPMorgan to price return enhanced notes linked to S&P 500 at par of $100

By Angela McDaniels

Tacoma, Wash., Oct. 15 - JPMorgan Chase & Co.'s upcoming 0% return enhanced notes due Nov. 3, 2009 linked to the S&P 500 index will each have a principal amount of $100, according to an FWP filing with the Securities and Exchange Commission.

When the company first announced the offering, the principal amount of each note was going to be $1,000.

The payout at maturity will be par plus triple any index gain, subject to a maximum return that is expected to be at least 22.95% and will be set at pricing. Investors will be fully exposed to any index decline.

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

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

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