JPMorgan plans principal-protected notes linked to commodities, commodity indexes

By E. Janene Geiss

Philadelphia, March 13 - JPMorgan Chase & Co. plans to price zero-coupon principal-protected notes due March 26, 2012 linked to a basket of three commodities and two commodity indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes WTI crude oil with a 40% weight, copper - grade A with a 20% weight, primary aluminum with a 15% weight, S&P GSC Precious Metals Index Excess Return with a 15% weight and S&P GSCI Agriculture Index Excess Return with a 10% weight.

The payout at maturity will be par plus any basket gain multiplied by a participation rate of at least 105%. The exact participation rate will be determined at pricing. Investors will receive at least par.

The notes are expected to price March 19 and settle March 25.

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

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