JPMorgan plans one-year return enhanced notes linked to General Motors

By Susanna Moon

Chicago, Aug. 18 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due Sept. 6, 2012 linked to General Motors Co. shares, according to an FWP filing with the Securities and Exchange Commission.

A strike price will be determined on the pricing date and may or may not be the closing price of General Motors shares on the pricing date.

If the final share price is greater than or equal to the strike price, the payout at maturity will be par plus double any gain in General Motors stock, up to a maximum return of at least 33.2%. The exact cap will be set at pricing.

Investors will lose 1% for every 1% drop from the strike price.

JPMorgan Securities LLC is the agent.

The notes will price on Aug. 19 and settle on Aug. 24.

The Cusip is 48125XN93.

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