New Issue: JPMorgan prices $3.89 million buffered return enhanced notes linked to Russell 1000

By Jennifer Chiou

New York, March 11 - JPMorgan Chase & Co. priced $3.89 million of 0% buffered return enhanced notes due March 11, 2011 linked to the Russell 1000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of 35%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index: Russell 1000
Amount:	$3,885,000
Maturity:	March 11, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, up to maximum return of 35%; par if index declines by 20% or less; 1% loss for every 1% decline beyond 20%
Initial index level: 367.55
Pricing date:	March 9
Settlement date:	March 12
Agent:	J.P. Morgan Securities Inc.
Fees:	1.1%, including 1% for selling concessions

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