New Issue: JPMorgan prices $8.48 million single review notes linked to MSCI World

By Angela McDaniels

Tacoma, Wash., June 13 - JPMorgan Chase & Co. priced $8.48 million of 0% single review notes due July 16, 2012 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's final level is greater than or equal to the initial index level, the notes will be automatically called and investors will receive par plus 10%.

If the notes are not called and the final index level is less than the initial index level by not more than 20%, the payout at maturity will be par. If the index declines by more than 20%, investors will be exposed to the decline from the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Single review notes
Underlying index:	MSCI World index
Amount:	$8,479,000
Maturity:	July 16, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final index level is at least 80% of initial level; otherwise, par plus index return
Call:	Automatically at par plus 10% if final index level is greater than or equal to initial index level
Initial index level:	1,307.93
Pricing date:	June 9
Settlement date:	June 14
Agent:	J.P. Morgan Securities LLC
Fees:	1.45%, including 0.25% for selling concessions
Cusip:	48125XQB5

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