New Issue: JPMorgan sells $4.47 million buffered return enhanced notes linked to Asian index basket

By Susanna Moon

Chicago, Oct. 13 - JPMorgan Chase & Co. priced $4.47 million of 0% buffered return enhanced notes due Oct. 26, 2011 based on a basket of five equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng China Enterprises index, the Hang Seng index, the Korea Stock Price Index 200, the MSCI Singapore index and the MSCI Taiwan index.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 13.3%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1.1111% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying basket:	Hang Seng China Enterprises index, Hang Seng index, the Korea Stock Price Index 200, the MSCI Singapore index and the MSCI Taiwan index, equally weighted
Amount:	$4,473,000
Maturity:	Oct. 26, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 13.3%; 1% loss for every 1.1111% drop beyond 10%
Pricing date:	Oct. 8
Settlement date:	Oct. 14
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48124AN60

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