New Issue: JPMorgan prices $1.36 million principal-protected notes linked to two commodity indexes

By E. Janene Geiss

Philadelphia, May 16 - JPMorgan Chase & Co. priced $1,357,000 of zero-coupon principal-protected notes due May 17, 2013 linked to two commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones - AIG Commodity Index with a 75% weight and the S&P GSCI Precious Metals Index with a 25% weight.

The payout at maturity will be par plus 110% of any appreciation in the basket, subject to a total maximum return of 110%. Investors will receive at least par.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Principal-protected notes
Underlying basket:	Dow Jones - AIG Commodity Index (75% weight) S&P GSCI Precious Metals Index (25% weight)
Amount:	$1,357,000
Maturity:	May 17, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any basket appreciation, capped at 110%; floor of par
Pricing date:	May 14
Settlement date:	May 19
Agent:	J.P. Morgan Securities Inc.
Fees:	5%, including 2.5% for selling concessions

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