JPMorgan plans contingent interest range CDs linked to Exxon Mobil

By Jennifer Chiou

New York, June 13 - JPMorgan Chase Bank, NA plans to sell contingent interest range certificates of deposit due June 19, 2008 linked to Exxon Mobil Corp. stock, according to a term sheet.

If Exxon Mobil stock appreciates by more than 11% or depreciates by more than 11% at any time, investors will forgo interest payments.

If the stock stays within the parameters, investors will receive the contingent interest rate of at least 22%, equal to at least 22.5% per year.

The CDs will price on June 22 and settle on June 27.

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

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