New Issue: JPMorgan prices $2.97 million buffered return enhanced notes linked to MSCI EAFE

By E. Janene Geiss

Philadelphia, Aug. 28 - JPMorgan Chase & Co. priced $2.97 million of 0% buffered return enhanced notes due Feb. 26, 2010 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 18.5%. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% the index declines beyond 10%.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	MSCI EAFE index
Amount:	$2,968,000
Maturity:	Feb. 26, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at maximum return of 18.5%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	1,774.49
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Agent:	J.P. Morgan Securities Inc.
Fees:	2.01%, including 2% for selling concessions

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