JPMorgan plans return enhanced notes linked to basket of 15 stocks

By Jennifer Chiou

New York, June 10 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due June 30, 2010 linked to a basket of 15 stocks, including three American Depositary Shares, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of Apache Corp., Archer-Daniels-Midland Co., Barrick Gold Corp., Cliffs Natural Resources Inc. El Paso Corp., Freeport-McMoRan Copper & Gold Inc. Monsanto Co., Newmont Mining Corp., Noble Energy, Inc. Occidental Petroleum Corp., Petróleo Brasileiro SA, Potash Corp. of Saskatchewan Inc., Sociedad Química y Minera de Chile SA, Vale SA and XTO Energy Inc.

The payout at maturity will be par plus triple any basket gain, up to a maximum return that is expected to be at least 34.35% and will be set at pricing. Investors will be fully exposed to any basket decline.

The notes will price on June 12 and settle on June 17.

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

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