JPMorgan plans return enhanced notes linked to S&P GSCI Agriculture index

By Angela McDaniels

Tacoma, Wash., Jan. 7 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due Feb. 27, 2009 linked to the S&P GSCI Agriculture index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return that is expected to be at least 34.5% and will be determined at pricing. Investors will be fully exposed to any index decline.

The notes are expected to price on Jan. 29 and settle on Jan. 31.

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

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