JPMorgan plans 0% principal-protected notes linked to index basket

By E. Janene Geiss

Philadelphia, March 6 - JPMorgan Chase & Co. plans to price an issue of 0% principal-protected notes due March 7, 2008 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes include the Euro Stoxx 50 with a 46.1% weight, the Nikkei 225 with a 27.9% weight and the FTSE 100 with a 26% weight.

The notes are expected to price March 7 and settle March 12.

The payout at maturity will be par plus an additional amount that will be determined at pricing and will not be less than 100%. Investors will receive at least par.

The initial basket level will be the average closing levels on March 7, March 8, March 9, March 12 and March 13, 2007. The ending basket level will be the average of the indexes on Feb. 27, Feb. 28, Feb. 29, March 3 and March 4, 2008.

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

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