JPMorgan to price principal-protected notes linked to four-currency basket

By E. Janene Geiss

Philadelphia, Aug. 21 - JPMorgan Chase & Co. plans to price zero-coupon principal-protected notes due March 19, 2009 linked to the performance of a basket of four currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (25%) of the Brazilian real, Indian rupee, Mexican peso and the new Turkish lira.

At maturity, investors will receive par plus any positive return on the basket multiplied by a participation rate that will be determined at pricing and no less than 200%.

The notes are expected to price Sept. 14 and settle Sept. 19.

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

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