JPMorgan to price 0% PLUS linked to S&P 500

By Jennifer Chiou

New York, Jan. 30 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due March 26, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain on the index, up to a maximum payout of 125% to 130% of par. The exact cap will be set at pricing.

Investors will share in any losses.

The notes will price and settle in February.

J.P. Morgan Securities Inc. will be the agent and will use all of its commission for a selling concession to Morgan Stanley & Co. Inc.

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