JPMorgan plans contingent interest range CDs linked to General Motors

By Jennifer Chiou

New York, May 11 - JPMorgan Chase Bank, NA plans to sell contingent interest range certificates of deposit due May 27, 2008 linked to General Motors Corp. stock, according to a term sheet.

If General Motors stock appreciates by more than 15% or depreciates by more than 15% at anytime, investors will forgo interest payments.

If the stock stays within the parameters, investors will receive the contingent interest rate of at least 30%.

The CDs will price on May 24 and settle on May 31.

J.P. Morgan Securities Inc. is the agent. Incapital is the distributor.

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