JPMorgan plans buffered equity notes tied to iShares Russell Microcap

By Angela McDaniels

Tacoma, Wash., April 19 - JPMorgan Chase & Co. plans to price 0% buffered equity notes due Nov. 10, 2011 linked to the iShares Russell Microcap index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 13.55% to 18.55% that will be set at pricing. Investors will receive par if the share price falls by 15% or less and will lose 1% for every 1% decline beyond 15%.

The notes are expected to price May 5 and settle May 10.

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

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