New Issue: JPMorgan prices $4.79 million buffered return enhanced notes linked to S&P 500

By Marisa Wong

Milwaukee, March 30 - JPMorgan Chase & Co. priced $4.79 million of 0% buffered return enhanced notes due Sept. 30, 2011 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 double any index gain, up to a maximum return of 15%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

JPMorgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$4,792,000
Maturity:	Sept. 30, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 15%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:	1166.59
Pricing date:	March 26
Settlement date:	March 31
Agent:	JPMorgan Securities Inc.
Fees:	1.39%
Cusip:	48124AJP3

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