JPMorgan plans 0% buffered return enhanced notes linked to Dow Jones AIG Commodity index

By E. Janene Geiss

Philadelphia, Jan. 30 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Feb. 27, 2009 linked to the Dow Jones AIG Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price Feb. 24 and settle Feb. 27.

The payout at maturity will be twice any positive return on the basket, subject to a cap that will be set at pricing and will be at least 37%.

If the ending index level declines by 15% or less, the payout at maturity will be par. Investors will lose 1% for each 1% the index declines beyond 15%.

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

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