New Issue: JPMorgan prices $2.68 million buffered equity notes linked to S&P 500

By Susanna Moon

Chicago, March 10 - JPMorgan Chase & Co. priced $2.68 million of 0% buffered equity notes due Sept. 10, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 37.95%.

Investors will receive par if the index falls by up to 12.5% and will lose 1% for every 1% decline beyond 12.5%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered equity notes
Underlying index:	S&P 500
Amount:	$2,677,000
Maturity:	Sept. 10, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 37.95%; par if index falls by 12.5% or less; 1% loss for every 1% decline beyond 12.5%
Initial index level:	683.38
Pricing date:	March 6
Settlement date:	March 11
Agent:	J.P. Morgan Securities Inc.
Fees:	1%, including 0.1% for selling concessions

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