JPMorgan plans buffered return enhanced notes linked to Dow Jones - UBS Commodity

By Angela McDaniels

Tacoma, Wash., Feb. 9 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Feb. 15, 2012 linked to the Dow Jones - UBS Commodity Index 3 Month Forward, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.33 times any index gain, subject to a maximum return of at least 17.955%. The exact upside leverage factor and maximum return will be set at pricing.

Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

The notes are expected to price Feb. 12 and settle Feb. 18.

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

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