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Published on 8/30/2011 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $900,000 buffered return enhanced notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Aug. 30 - JPMorgan Chase & Co. priced $900,000 of 0% buffered return enhanced notes due Feb. 28, 2013 linked to 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 gain in the fund, up to a maximum return of 22%. Investors will receive par if the fund declines by up to 10% and will lose 1% for every 1% that it declines 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:$900,000
Maturity:Feb. 28, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any fund gain, up to a maximum return of 22%; par if fund declines by up to 10%; 1% loss for every 1% decline beyond 10%
Initial share price:$51.69
Pricing date:Aug. 26
Settlement date:Aug. 31
Agent:J.P. Morgan Securities LLC
Fees:3%, including 0.25% for selling concessions for $716,000 portion of issue
Cusip:48125XD45

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