New Issue: JPMorgan prices $1.3 million buffered equity notes linked to iShares MSCI EAFE

By Jennifer Chiou

New York, June 30 - JPMorgan Chase & Co. priced $1.3 million of 0% buffered equity notes due Aug. 2, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 23.3%. Investors will receive par if the share price declines by 10% or less and will be exposed to any decline beyond 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered equity notes
Underlying ETF:	iShares MSCI EAFE index fund
Amount:	$1.3 million
Maturity:	Aug. 2, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any increase in share price, up to maximum return of 23.3%; par if share price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial share price:	$48.49
Pricing date:	June 28
Settlement date:	July 1
Agent:	J.P. Morgan Securities Inc.
Fees:	2.2%, including 1.4% for selling concessions
Cusip:	48124AVF1

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