New Issue: JPMorgan prices $1.49 million 8.7% trigger yield notes on Juniper

By Jennifer Chiou

New York, Jan. 31 - JPMorgan Chase & Co. priced $1.49 million of 8.7% annualized trigger yield optimization notes due July 29, 2011 linked to the common stock of Juniper Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note has a face amount of $37.20, which is equal to the initial share price of Juniper Networks stock.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than 80% of the initial share price, in which case the payout will be one Juniper Networks share per note.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger yield optimization notes
Underlying stock:	Juniper Networks, Inc. (Symbol: JNPR)
Amount:	$1,485,284.40
Maturity:	July 29, 2011
Coupon:	8.7%, payable monthly
Price:	Par of $37.20
Payout at maturity:	If final share price is less than trigger price, one Juniper Networks share; otherwise, par
Initial share price:	$37.20
Trigger price:	$29.76, 80% of initial price
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	46634X450

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