JPMorgan plans issue of 0% principal-protected notes linked to S&P GSCI Crude Oil index

By E. Janene Geiss

Philadelphia, Jan. 27 - JPMorgan Chase & Co. plans to price 0% principal-protected notes due Feb. 10, 2014 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus any gain on the index on Feb. 5, 2009 - the observation date - times a participation rate of at least 46%. The participation rate will be determined at pricing. Investors will receive at least par.

The notes are expected to price on Feb. 5 and to settle Feb. 10.

JP Morgan Securities Inc. will be the agent.

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