New Issue: JPMorgan sells $141,000 buffered return enhanced notes tied to iShares MSCI EAFE fund

By Jennifer Chiou

New York, Dec. 24 - JPMorgan Chase & Co. priced $141,000 of 0% buffered return enhanced notes due Dec. 30, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 24%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$141,000
Maturity:	Dec. 30, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 24%; par if fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial price:	$54.85
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	J.P. Morgan Securities Inc.
Fees:	4.5%

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