JPMorgan to price return notes linked to S&P GSCI Agriculture index

By Angela McDaniels

Tacoma, Wash., Jan. 27 - JPMorgan Chase & Co. plans to price 0% return notes due March 2, 2012 linked to the S&P GSCI Agriculture Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return, which could be positive or negative, minus a deduction amount that is expected to be at least 1.15%. The exact deduction amount will be set at pricing.

The initial index level will be set by the calculation agent and may or may not be the regular official weekday closing level of the index on the pricing date.

The notes (Cusip: 48125XCP9) are expected to price Jan. 28 and settle Feb. 2.

J.P. Morgan Securities LLC is the agent.

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