New Issue: JPMorgan sells $2.13 million buffered return enhanced notes on iShares MSCI EAFE

By Susanna Moon

Chicago, Jan. 31 - JPMorgan Chase & Co. priced $2.13 million of 0% buffered return enhanced notes due July 31, 2012 based on the performance of the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 20%.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$2,127,000
Maturity:	July 31, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at 20%; 1% loss for every 1% drop beyond 10%
Initial price:	$60.13
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities LLC
Fees:	1.36%, including 0.2% for selling concessions
Cusip:	48124A6M4

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