JPMorgan plans 0% return enhanced notes linked to Euro Stoxx 50; payout capped at 122%

By Laura Lutz

Des Moines, Dec. 18 - JPMorgan Chase & Co. plans to price an issue of 0% return enhanced notes due Feb. 12, 2009 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any positive return on the index up to a maximum payout equal to 122% of par.

Otherwise, the payout will be par minus the index decline.

The notes are expected to price Jan. 9 and settle Jan. 14.

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

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