JPMorgan plans 0% buffered return enhanced notes linked to basket of indexes

By E. Janene Geiss

Philadelphia, March 12 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due March 31, 2010 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket will include equal weights of the Nikkei 225, Dow Jones Euro Stoxx 50 and the FTSE 100 indexes.

The notes are expected to price March 27 and settle March 30.

Payout at maturity will be par plus any positive return on the basket multiplied by an upside leverage factor that will be set at pricing and will be at least 1.4.

If the basket declines by 15% or less, the payout will be par. Investors will lose 1% for every 1% that the basket declines beyond 15%.

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

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