JPMorgan plans 0% return notes linked to JPMorgan Commodity Investable Global Asset Rotator

By E. Janene Geiss

Philadelphia, Nov. 28 - JPMorgan Chase & Co. plans to price 0% return notes due Dec. 21, 2010 linked to the JPMorgan Commodity Investable Global Asset Rotator Excess Return (Commodity-IGAR), according to an FWP filing with the Securities and Exchange Commission.

Commodity-IGAR implements a momentum-based algorithmic strategy for commodity allocations, referencing the value of a synthetic portfolio selected from commodity sub-indexes, each of which is a component of the S&P GSCI Index and is intended to serve as a benchmark value for a particular commodity.

The payout at maturity will be par plus the return on Commodity-IGAR and an additional amount that will be set at pricing and be at least $120. Investors will be fully exposed to any decline in the Commodity-IGAR.

The notes are expected to price Dec. 18 and settle Dec. 21.

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

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