New Issue: JPMorgan prices $13.84 million buffered return enhanced notes linked to S&P GSCI

By Marisa Wong

Madison, Wis., Aug. 31 - JPMorgan Chase & Co. priced $13.84 million of 0% buffered return enhanced notes due Sept. 7, 2012 linked to the S&P GSCI Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 13.9%.

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

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	S&P GSCI Excess Return
Amount:	$13,842,000
Maturity:	Sept. 7, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, return capped at 13.9%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	482.54
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.35%, including 0.1% for selling concessions
Cusip:	48125XJ98

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