JPMorgan plans return enhanced notes tied to PHLX Oil Service Sector

By Susanna Moon

Chicago, June 1 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due June 20, 2012 linked to the PHLX Oil Service Sector index, according to an FWP with the Securities and Exchange Commission.

The payout will be par plus double any index gain, up to a maximum return of at least 28.3%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 3 and settle on June 8.

The Cusip is 48125XTP1.

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