JPMorgan plans to price notes on buffered return enhanced indexes

By Toni Weeks

San Diego, Feb. 14 - JPMorgan Chase & Co. plans to price 0% notes due March 6, 2013 linked to three buffered return enhanced components, each converted into dollars, according to an FWP filing with the Securities and Exchange Commission.

The components are the Euro Stoxx 50 index with a 55% weight, the FTSE 100 index with a 22% weight and the Topix index with a 23% weight.

The payout at maturity will be par plus the basket return, which will equal the sum of the weighted component returns for the basket indexes.

If an index finishes above the initial level, its component return will be double the underlying return, up to a maximum return of 23.4% for the Euro Stoxx, 21.6% for the FTSE and 6% for the Topix.

If an index falls by up to 10%, its component return will be zero.

If an index falls by more than 10%, its component return will be 0% minus 1.1111% for every 1% decline beyond 10%.

The maximum payout at maturity is $1,190 per $1,000 principal amount of notes.

The notes (Cusip: 48125VNB2) are expected to price Feb. 17 and settle Feb. 23.

J.P. Morgan Securities LLC is the agent.

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