New Issue: JPMorgan prices $806,000 buffered enhanced notes linked to iShares MSCI Emerging Markets fund

By E. Janene Geiss

Philadelphia, Oct. 30 - JPMorgan Chase & Co. priced $806,000 of 0% buffered return enhanced notes due Nov. 30, 2009 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus double any index gain, up to a maximum return of 38.8%. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	iShares MSCI Emerging Markets index fund
Amount:	$806,000
Maturity:	Nov. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 38.8%; par if index falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial share price:	$24.24
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	1.25%, including 1% for selling concessions

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