JPMorgan plans to price return notes linked to basket of 15 stocks

By Angela McDaniels

Tacoma, Wash., April 26 - JPMorgan Chase & Co. plans to price 0% return notes due May 16, 2012 linked to a basket of 15 common stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of AGCO Corp., Akamai Technologies, Inc., Amdocs Ltd., Cabot Oil & Gas Corp., EQT Corp., Mead Johnson Nutrition Co., Mylan Inc., Nalco Holding Co., NovaGold Resources Inc., Petrohawk Energy Corp., Pioneer Natural Resources Co., SPX Corp., SunTrust Banks, Inc., United Therapeutics Corp. and Watts Water Technologies, Inc.

The payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return, which could be positive or negative, multiplied by (c) the basket adjustment factor, which is 99.6%.

Because of the basket adjustment factor, investors will lose principal if the basket return is less than 0.402%.

The notes (Cusip: 48125XNW2) will price April 29 and settle May 4.

J.P. Morgan Securities LLC is the agent.

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