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Published on 12/2/2010 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.93 million capped market plus notes linked to palladium

By Angela McDaniels

Tacoma, Wash., Dec. 2 - JPMorgan Chase & Co. priced $2.93 million of 0% capped market plus notes due Dec. 12, 2011 linked to the price of palladium, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of palladium is less than 70% of the initial price, the payout at maturity will be par plus the palladium return. Otherwise, the payout will be par plus the greater of 5% and the palladium return.

In each case, the return will be subject to a 20.25% cap.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Capped market plus notes
Underlying commodity:Palladium
Amount:$2.93 million
Maturity:Dec. 12, 2011
Coupon:0%
Price:Par
Payout at maturity:If final price of palladium is less than 70% of initial price, par plus palladium return; otherwise, par plus greater of 5% and palladium return; return capped at 20.25% in all cases
Initial palladium price:$702.00
Pricing date:Nov. 30
Settlement date:Dec. 3
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48124A3J4

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