New Issue: JPMorgan prices $3.65 million principal-protected notes linked to index basket

By Jennifer Chiou

New York, July 6 - JPMorgan Chase & Co. priced a $3.65 million issue of zero-coupon principal-protected notes due July 7, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Russell 3000, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes.

The payout at maturity will be par plus 195% of any basket gain beyond 10%. Investors will receive at least par if the ending basket value is less than 110% of the initial level.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Principal-protected senior notes
Underlying indexes:	Russell 3000, Dow Jones Euro Stoxx 50, Nikkei 225, equally weighted
Amount:	$3.65 million
Maturity:	July 7, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 195% of any positive basket return beyond 10%; par for any basket ending value less than 110% of the initial value
Pricing date:	July 3
Settlement date:	July 6
Agent:	J.P. Morgan Securities Inc.
Fees:	1.955%, includes 0.2% for selling concessions

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