New Issue: JPMorgan prices $1.25 million buffered return enhanced notes on S&P, Russell 2000

By Susanna Moon

Chicago, Jan. 18 - JPMorgan Chase & Co. priced $1.25 million of 0% buffered return enhanced notes due July 19, 2013 linked to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500 index and the Russell 2000 index.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 20%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying basket:	S&P 500 index and Russell 2000 index, equally weighted
Amount:	$1,246,000
Maturity:	July 19, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 20%; par if basket falls by 10% or less; 1% loss per 1% drop beyond 10%
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	J.P. Morgan Securities LLC
Fees:	1.76%, including 0.25% for selling concessions
Cusip:	48125VJR2

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