New Issue: JPMorgan prices $4.33 million 0% return enhanced notes on Brent crude

By Susanna Moon

Chicago, Oct. 11 - JPMorgan Chase & Co. priced $4.33 million of 0% return enhanced notes due May 14, 2012 linked to the front month Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3.35 times any gain in the price of Brent crude oil, up to a maximum return of 33.5%.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Return enhanced notes
Underlying asset:	Front month Brent crude oil futures contract
Amount:	$4,327,000
Maturity:	May 14, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 335% of any Brent crude gain, capped at 33.5%; exposure to losses
Initial price:	$105.73
Pricing date:	Oct. 6
Settlement date:	Oct. 12
Agent:	JPMorgan Securities LLC
Fees:	0.5%
Cusip:	48125VBS8

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