JPMorgan plans to price buffered return enhanced notes linked to EAFE index, Emerging Markets fund

By E. Janene Geiss

Philadelphia, April 7 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due April 30, 2010 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the MSCI EAFE index and the iShares MSCI Emerging Markets Index Fund.

The payout at maturity will be par plus double any increase in the basket, subject to a maximum total return on the notes of no less than 28.25%. The exact cap will be determined at pricing.

Investors will receive par if the basket declines by 20% or less and will lose 1% for each 1% decline beyond 20%.

The notes are expected to price April 25 and settle April 30.

J.P. Morgan Securities Inc. is the agent.

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