JPM plans return notes on Commodity Investable Asset Rotator index

By Jennifer Chiou

New York, July 13 - JPMorgan Chase & Co. plans to price 0% return notes due July 15, 2011 linked to the JPMorgan Commodity Investable Global Asset Rotator Excess Return index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return less a deduction amount of $4.40 per $1,000 principal amount of notes.

Investors will lose some or all of their investment if the index does not appreciate by at least 0.44%.

The notes are expected to price on July 16, with settlement on July 26.

J.P. Morgan Securities Inc. is the agent.

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