New Issue: JPMorgan prices $7.12 million 10.15% yield optimization notes on Whole Foods via UBS

By Susanna Moon

Chicago, Sept. 30 - JPMorgan Chase & Co. priced $7.12 million of 10.15% annualized yield optimization notes with contingent protection due March 31, 2011 based on the performance of Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Each note has a face value of $37.53, which is equal to the closing price of Whole Foods stock on the pricing date.

The payout at maturity will be par unless the stock finishes below 75% of the initial share price, in which case the payout will be one share of Whole Foods stock.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.

Issuer:	JPMorgan Chase & Co.
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Whole Foods Market, Inc. (Nasdaq: WFMI)
Amount:	$7,115,913.18
Maturity:	March 31, 2011
Coupon:	10.15%, payable monthly
Price:	Par of $37.53
Payout at maturity:	If final share price is less than trigger price, one Whole Foods share; otherwise, par
Initial share price:	$37.53
Trigger price:	$28.15, 75% of initial price
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Underwriters:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	46634X831

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