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Published on 9/29/2008 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $453,000 principal-protected notes linked to three indexes

By Susanna Moon

Chicago, Sept. 29 - JPMorgan Chase & Co. priced $453,000 of zero-coupon principal-protected notes due Sept. 30, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, Dow Jones Euro Stoxx 50 index with a 20% weight, Nikkei 225 index with a 20% weight and S&P GSCI Excess Return index with a 20% weight.

Payout at maturity will be par plus 111.5% of any basket gain. Investors will receive at least par.

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

Issuer:JPMorgan Chase & Co.
Issue:Principal-protected notes
Underlying indexes:S&P 500 index (40% weight), Dow Jones Euro Stoxx 50 index (20% weight), Nikkei 225 index (20% weight) and S&P GSCI Excess Return index (20% weight)
Amount:$453,000
Maturity:Sept. 30, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 111.5% of any basket gain; floor of par
Pricing date:Sept. 25
Settlement date:Sept. 30
Agent:J.P. Morgan Securities Inc.
Fees:2.49%, including 0.1% for selling concessions

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