New Issue: JPMorgan prices $843,000 buffered return enhanced notes on iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., June 8 - JPMorgan Chase & Co. priced $843,000 of 0% buffered return enhanced notes due Dec. 9, 2011 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 double any increase in the exchange-traded fund's share price, up to a maximum return of 24%. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% decline beyond 15%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$843,000
Maturity:	Dec. 9, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, capped at 24%; par if fund share price declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial share price:	$37.19
Pricing date:	June 4
Settlement date:	June 9
Agent:	J.P. Morgan Securities Inc.
Fees:	1.96%
Cusip:	48124ARA7

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