New Issue: JPMorgan prices $577,000 buffered return enhanced notes linked to index basket

By Jennifer Chiou

New York, Sept. 27 - JPMorgan Chase & Co. priced a $577,000 issue of 0% buffered return enhanced notes due Sept. 30, 2010 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The indexes include equal weights of the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50.

The payout at maturity will be par plus 1.3 times any positive return on the basket. Investors will receive par if the basket declines by 10% or less. Investors will lose 1% for each 1% that the basket drops beyond 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying indexes:	Equal weights of the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50
Amount:	$1,238,000
Maturity:	Sept. 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any basket gain; par if the basket gains 10% or less; share in losses at 1% per 1% drop beyond 10%
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	J.P. Morgan Securities Inc.
Fees:	2.53%

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