JPMorgan plans dual directional buffered return enhanced notes linked to five Asian indexes

By Angela McDaniels

Tacoma, Wash., March 11 - JPMorgan Chase & Co. plans to price 0% dual directional buffered return enhanced notes due Sept. 17, 2009 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Hang Seng China Enterprises index with a 28% weight, the Korea Stock Price Index 200 with a 26.5% weight, the MSCI Taiwan index with a 21% weight, the Hang Seng index with a 16.5% weight and the MSCI Singapore index with an 8% weight.

The payout at maturity will be par plus double any basket gain, up to a maximum return that will be at least 13% and will be set at pricing. Investors will receive par plus the absolute value of the basket return if the basket declines by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.

The notes are expected to price March 13 and settle March 18.

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

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