New Issue: JPMorgan prices $9.47 million buffered return enhanced notes linked to S&P 500

New York, Sept. 16 - JPMorgan Chase & Co. priced $9.473 million of 0% buffered return enhanced notes due Sept. 19, 2012 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 1.5 times any index gain, up to a maximum return of 44.25%. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%. The minimum payout is $150 per $1,000 principal amount.

JPMorgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying stock:	S&P 500
Amount:	$9.473 million
Maturity:	Sept. 19, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 44.25%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial price:	1052.63
Pricing date:	Sept. 15
Settlement date:	Sept. 18
Agent:	JPMorgan Securities Inc.
Fees:	1.7%, including 0.1% for selling concessions

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