New Issue: JPMorgan prices $3.37 million return enhanced notes linked to FTSE/Xinhua China 25

By Susanna Moon

Chicago, Oct. 30 - JPMorgan Chase & Co. priced $3.37 million of 0% return enhanced notes due June 30, 2009 linked to the FTSE/Xinhua China 25 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, the notes pay par plus quadruple any index gain, capped at 43% for the total maximum return. Investors are fully exposed to any losses.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Return enhanced notes
Underlying index:	FTSE/Xinhua China 25
Amount:	$3.37 million
Maturity:	June 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus quadruple any index gain, capped at 43% maximum return; full exposure to any losses
Initial index level:	29,782.75
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	3.94%, including 1.75% for selling concessions

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