New Issue: JPMorgan prices $2.43 million principal-protected notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., July 30 - JPMorgan Chase & Co. priced $2.43 million of zero-coupon principal-protected notes due Aug. 2, 2012 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx 50, FTSE/Xinhua China 25 and S&P 500 indexes, equally weighted.

The payout at maturity will be par plus any basket gain. Investors will receive at least par.

The final level for each index will equal the average of its closing levels on July 28, 2009, July 28, 2010, July 28, 2011 and July 30, 2012.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Principal-protected notes
Underlying indexes:	Dow Jones Euro Stoxx 50, FTSE/Xinhua China 25 and S&P 500, equally weighted
Amount:	$2.43 million
Maturity:	Aug. 2, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; floor of par
Initial index levels:	1,234.37 for S&P 500; 3,313.41 for Euro Stoxx; 19,949.14 for FTSE/Xinhua China
Final index levels:	For each index, the average of its closing levels on July 28, 2009, July 28, 2010, July 28, 2011 and July 30, 2012
Pricing date:	July 28
Settlement date:	July 31
Agent:	J.P. Morgan Securities Inc.
Fees:	5.684%, including 3.25% to 3.5% for selling concessions

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