New Issue: JPMorgan prices $2.91 million lesser index return enhanced notes linked to Topix, Nikkei

By Jennifer Chiou

New York, Oct. 30 - JPMorgan Chase & Co. priced a $2.91 million issue of 0% lesser index return enhanced notes due Nov. 30, 2007 linked to the Topix and Nikkei 225 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

If the ending index level of the lesser-performing index is greater than its initial index level, payout at maturity will be par plus triple the return on that index. The return will be capped at a maximum total return of 37%.

Investors will be fully exposed to any decline in the lesser-performing index.

Issuer:	JPMorgan Chase & Co.
Issue:	Lesser index return enhanced notes
Underlying indexes:	Topix, Nikkei 225
Amount:	$2.91 million
Maturity:	Nov. 30, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple the return if the ending index level of the lesser-performing index is greater than its initial index level, capped at 37%; full exposure to any decline in the lesser-performing index
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	JPMorgan Securities Inc.
Fees:	2.28%

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