JPMorgan plans capped daily observation knock-out notes linked to Ford

By Susanna Moon

Chicago, April 19 - JPMorgan Chase & Co. plans to price 0% capped daily observation knock-out notes due May 9, 2012 linked to Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If the price of Ford stock falls by more than 35% during the life of the notes, the payout at maturity will be par plus the stock return, with exposure to any losses.

Otherwise, the payout will be par plus the greater of the stock return and a contingent minimum return of at least 8%.

The maximum payment at maturity in either case will be at least $1,120 per $1,000 principal amount.

The exact terms will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 21 and settle on April 27.

The Cusip is 48125XNH5.

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