New Issue: JPMorgan prices $1.13 million lesser index notes linked to S&P 500, Euro Stoxx 50

By Laura Lutz

Des Moines, April 9 - JPMorgan Chase & Co. priced a $1.125 million issue of lesser index principal-protected notes due April 12, 2008 linked to the S&P 500 index and the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive par plus double the lesser of the returns on the two indexes. The payout will be capped at 8.4%

Investors will receive at least par.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Lesser index principal protected notes
Underlying index:	S&P 500 index, Dow Jones Euro Stoxx 50 index
Amount:	$1.125 million
Maturity:	April 12, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double the lesser of the returns on the two indexes, capped at 8.4% return, floor of par
Initial index level:	1,443.76 for S&P 500; 4,271.54 for Euro Stoxx 50
Pricing date:	April 5
Settlement date:	April 11
Agent:	J.P. Morgan Securities Inc.
Fees:	1.19% total, including 0.595% for selling concessions

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