JPMorgan plans 13-month PLUS on basket of two indexes, five ETFs

By Toni Weeks

San Diego, March 7 - JPMorgan Chase & Co. plans to price 0% global expansion Performance Leveraged Upside Securities due April 12, 2012 linked to a basket of two indexes and five exchange-traded funds, according to an FWP with the Securities and Exchange Commission.

The basket includes the S&P 500 index, weighted at 40%, and the Russell 2000 index, the iShares MSCI EAFE index fund, the iShares MSCI Emerging Markets index fund, the iShares Dow Jones U.S. Real Estate index fund, the Technology Select Sector SPDR fund and the PowerShares DB Commodity index tracking fund, each weighted at 10%.

If the final basket value is greater than the initial basket value, investors will receive par times the basket return multiplied by a leverage factor of 300%, subject to a maximum payment of $11.40 to $11.60 per $10 principal amount. The actual maximum payment will be determined at pricing.

Investors will be exposed to any losses in the basket return.

The notes (Cusip: 46634X336) are expected to price on March 8 and settle March 11.

J.P. Morgan Securities LLC is the co-agent and will pay all selling concessions to lead Morgan Stanley Smith Barney LLC.

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