JPMorgan plans return notes linked to eight mining, energy stocks

By Angela McDaniels

Tacoma, Wash., Nov. 18 - JPMorgan Chase & Co. plans to price 0% return notes due Dec. 7, 2011 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes Agrium Inc., Cliffs Natural Resources Inc., Chevron Corp., Freeport-McMoRan Copper & Gold Inc., Marathon Oil Corp., Newmont Mining Corp., Thompson Creek Metals Co. Inc. and Vale SA.

The payout at maturity will be 99% of the sum of par plus the basket return. Investors will experience a loss if the basket return is less than 1.01%.

The notes (Cusip 48124A3D7) are expected to price Nov. 23 and settle Nov. 29.

J.P. Morgan Securities LLC is the agent.

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