JPMorgan plans issue of 0% buffered return enhanced notes linked to Dow Jones Euro Stoxx

By Angela McDaniels

Seattle, Aug. 14 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Sept. 5, 2007 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The pricing date is expected to be on or about Aug. 18 with settlement on Aug. 23.

Noteholders will receive par plus twice any positive return on the index up to a maximum return, which will determined at pricing and will be at least 16.7%.

If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.1111% for each 1% decline beyond 10%.

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

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