JPMorgan to price buffered return enhanced notes linked to five Asian indexes

By Angela McDaniels

Tacoma, Wash., April 22 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due May 14, 2009 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket will include the FTSE/Xinhua China 25 index with a 28% weight, the Korea Stock Price Index 200 with a 26.5% weight, the MSCI Taiwan index with a 21% weight, the Amex Hong Kong 30 index with a 16.5% weight and the MSCI Singapore index with an 8% weight.

The payout at maturity will be par plus double any basket gain, capped at a maximum return that is expected to be at least 22.3% and will be determined at pricing. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.

The notes are expected to price on April 25 and settle on April 30.

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

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