New Issue: JPMorgan prices $1.4 million buffered equity notes linked to Russell 1000 Growth index

By Angela McDaniels

Tacoma, Wash., Nov. 26 - JPMorgan Chase & Co. priced $1.4 million of 0% buffered equity notes due Nov. 26, 2010 linked to the Russell 1000 Growth index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 60%. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered equity notes
Underlying index:	Russell 1000 Growth
Amount:	$1,415,000
Maturity:	Nov. 26, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 60% maximum return; par if index falls by 10% or less; 1% loss for each 1% decline beyond 10%
Initial index level:	589.44
Pricing date:	Nov. 21
Settlement date:	Nov. 27
Agent:	J.P. Morgan Securities Inc.
Fees:	2.5%, including 0.1% for selling concessions

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