New Issue: JPMorgan prices $1.08 million buffered equity notes tied to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Oct. 29 - JPMorgan Chase & Co. priced $1.08 million of 0% buffered equity notes due Nov. 30, 2010 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 31.75%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered equity notes
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$1,083,000
Maturity:	Nov. 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any share price increase, up to maximum return of 31.75%; par if share price falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial share price:	$39.55
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	J.P. Morgan Securities Inc.
Fees:	1.05%

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