New Issue: JPMorgan prices $1.8 million 0% buffered return enhanced notes linked to MSCI EAFE

By Jennifer Chiou

Chicago, April 11 - JPMorgan Chase & Co. priced $1.8 million of 0% buffered return enhanced notes due Dec. 6, 2010 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus double the index return, capped at 46.6%. Investors will receive par for losses up to 10% and will share in losses beyond 10% at a rate of 1.1111% per 1% drop.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	MSCI EAFE
Amount:	$1.8 million
Maturity:	Dec. 6, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double the index return, capped at 46.6%; investors will receive par for losses up to 10% and will share in losses beyond 10% at a rate of 1.1111% per 1% drop
Initial index level:	2,098.13
Pricing date:	April 9
Settlement date:	April 14
Agent:	J.P. Morgan Securities Inc.
Fees:	2.97%, including 1.485% for selling concessions

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