New Issue: JPMorgan sells $19.32 return optimization notes tied to three commodities

By Angela McDaniels

Tacoma, Wash., Feb. 15 - JPMorgan Chase & Co. priced $19.32 million of 0% return optimization securities due Feb. 17, 2012 linked to a basket of futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of corn, soybeans and wheat futures contracts.

The payout at maturity will be par of $10 plus 1.5 times any increase in the basket, subject to a maximum return of 30.59%. Investors will be exposed to any decline in the basket.

J.P. Morgan Securities, LLC is the agent with UBS Financial Services Inc. as co-agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Return optimization securities
Underlying futures contracts:	Corn, soybeans and wheat, equally weighted
Amount:	$19,317,930
Maturity:	Feb. 17, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any basket gain, up to maximum return of 30.59%; full exposure to any basket decline
Initial contract prices:	706.5 cents for corn; 1,416 cents for soybeans; 867 cents for wheat
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agents:	J.P. Morgan Securities, LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	46634X492

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