JPMorgan plans 0% notes linked to Dow Jones - AIG Commodity

By Jennifer Chiou

New York, Jan. 3 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due July 31, 2008 linked to the Dow Jones - AIG Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The pricing date is expected to be Jan. 26 with settlement on Jan. 31.

The payout at maturity will be par plus at least twice any positive return on the index up to a maximum return of 30%.

If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1% for each 1% the index declines beyond 10%.

J.P. Morgan Securities Inc. will be the agent.

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