New Issue: JPMorgan prices $10.09 million buffered return enhanced notes linked to S&P 500

New York, Aug. 13 - JPMorgan Chase & Co. priced $10.093 million of 0% buffered return enhanced note notes due Sept. 16, 2010 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 1.5 times any index gain, up to a maximum return of 16.8%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%. The minimum payout is $100 per $1,000 principal amount.

JPMorgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced note notes
Underlying stock:	S&P 500
Amount:	$10.093 million
Maturity:	Sept. 16, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 16.8%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:	994.35
Pricing date:	Aug. 11
Settlement date:	Aug. 14
Agent:	JPMorgan Securities Inc.
Fees:	1%, including 0.1% for selling concessions

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