New Issue: JPMorgan prices $5.43 million 10% callable yield notes linked to Russell, gold fund

By Toni Weeks

San Diego, June 29 - JPMorgan Chase & Co. priced $5.43 million of 10% callable yield notes due June 29, 2012 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless either underlying component closes below 60% of its initial level during the life of the notes and the final level is less than the initial level, in which case investors will receive par plus the return of the worst-performing underlying component.

The notes will be callable at par on Sept. 30, Dec. 30, 2011 and March 30, 2012.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underlying components:	Russell 2000 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$5,431,000
Maturity:	June 29, 2012
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par, unless either component falls below 60% of its initial level during life of notes and final level is less than initial level, in which case par plus return of worst-performing component
Initial levels:	805.14 for Russell, $52.52 for gold fund
Protection amount:	322.056 for Russell, $21.008 for gold fund; 40% of initial levels
Call option:	At par on Sept. 30, Dec. 30, 2011 and March 30, 2012
Pricing date:	June 27
Settlement date:	June 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.85%
Cusip:	48125XTJ5

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