New Issue: JPMorgan prices $640,000 0% buffered return enhanced notes linked to index basket

By Angela McDaniels

Seattle, Jan. 30 - JPMorgan Chase & Co. priced a $640,000 issue of 0% buffered return enhanced notes due Jan. 29, 2009 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.

The payout at maturity will be par plus double any positive return on the basket up to a maximum return of 30%.

If the basket decline by 10% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced senior notes
Underlying indexes:	Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500, equally weighted
Amount:	$640,000
Maturity:	Jan. 29, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain, capped at 30%; par if the basket loses up to 10%; 1% loss for each 1% decline beyond 10%
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities Inc.
Agent fees:	1.4%

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