New Issue: JPMorgan prices $3.73 million index knock-out notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 8 - JPMorgan Chase & Co. priced $3.73 million of 0% index knock-out notes due March 12, 2012 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more 30% during the life of the notes.

If a knock-out event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.

If a knock-out event has not occurred, the payout will be par plus the greater of the index return and 10.15%.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Index knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$3,727,000
Maturity:	March 12, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If index never falls by more than 30% during life of notes, par plus 10.15%; otherwise, par plus index return, with exposure to losses
Initial index level:	2,746.23
Pricing date:	Sept. 3
Settlement date:	Sept. 9
Agent:	J.P. Morgan Securities Inc.
Fees:	1.25%
Cusip:	48124AD79

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