New Issue: JPMorgan sells $3.895 million buffered notes linked to Euro Stoxx

By Angela McDaniels

Seattle, Nov. 7 - JPMorgan Chase & Co. priced a $3.895 million issue of 0% buffered return enhanced notes due Nov. 21, 2007 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus twice any positive return on the index, capped at a maximum return of 14.8%.

If the ending index level declines by 10% or less, the payout will be par. Holders will lose 1.1111% for each 1% decline beyond 10%.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced senior notes
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$3.895 million
Maturity:	Nov. 21, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus twice any return on the index, capped at a 14.8% return; par if the ending basket level declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
Initial index level:	3,990.46
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Agent:	J.P. Morgan Securities Inc.
Fees:	1.43%

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