New Issue: JPMorgan prices $4.36 million buffered return enhanced notes linked to five Asian indexes

By Susanna Moon

Chicago, June 10 - JPMorgan Chase & Co. priced $4.36 million of 0% buffered return enhanced notes due June 24, 2009 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the FTSE/Xinhua China 25 index with a 28% weight, the Korea Stock Price Index 200 with a 26.5% weight, the MSCI Taiwan index with a 21% weight, the Amex Hong Kong 30 index with a 16.5% weight and the MSCI Singapore index with an 8% weight.

The payout at maturity will be par plus triple any basket gain, up to a maximum return of 28.35%. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying indexes:	FTSE/Xinhua China 25 (28% weight), Korea Stock Price Index 200 (26.5% weight), MSCI Taiwan (21% weight), Amex Hong Kong 30 (16.5% weight) and MSCI Singapore (8% weight)
Amount:	$4.36 million
Maturity:	June 24, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any basket gain, capped at maximum return of 28.35%; par if basket falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Final index levels:	Average of index closing levels on the five trading days ending June 19, 2009
Pricing date:	June 6
Settlement date:	June 11
Agent:	J.P. Morgan Securities Inc.
Fees:	1.32%, including 0.66% for selling concessions

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