July 2010

Pricing Sheet dated July 26, 2010 relating to

Preliminary Terms No. 25 dated July 1, 2010 to

Registration Statement No. 333-155535

Filed pursuant to Rule 433

PRICING TERMS — JULY 26, 2010

Issuer:

JPMorgan Chase & Co.

ETF Shares:

Shares of the iShares^® FTSE/Xinhua China 25 Index Fund

Underlying Index:

FTSE/Xinhua China 25 Index

Aggregate principal amount:

$1,302,570

Stated principal amount:

$10 per security

Issue price:

$10 per security (see “Commissions and Issue Price” below)

Pricing date:

July 26, 2010

Original issue date:

July 29, 2010 (3 business days after the pricing date)

Maturity date:

December 28, 2011, subject to adjustment for certain market disruption events and as described under “Description of Securities — Payment at Maturity” in the accompanying product supplement no. MS-7-A-II

Payment at maturity:

• If the final share price is greater than the initial share price, for each $10 stated principal amount security,

  $10 + upside payment

• If the final share price is less than or equal to the initial share price, for each $10 stated principal amount security,

  $10 x share performance factor

  This amount will be less than or equal to the stated principal amount of $10 and may be zero.

Upside payment:

$2.50 per security (25.00% of the stated principal amount). Accordingly, even if the final share price is significantly greater than the initial share price, your payment at maturity will not exceed $12.50 per security.

Initial share price:

$41.37, which is the closing price of one ETF Share on the pricing date, divided by the adjustment factor

Final share price:

The closing price of one ETF Share on the valuation date

Valuation date:

December 22, 2011, subject to adjustment for non-trading days or certain market disruption events and as described under “Description of Jump Securities — Payment at Maturity” in the accompanying product supplement no. MS-7-A-II

Share performance factor:

final share price / initial share price

Adjustment factor:

Set equal to 1.0 on the pricing date, subject to adjustment under certain circumstances. See “General Terms of Notes – Anti-Dilution Adjustments” in the accompanying product supplement no. MS-7-A-II.

CUSIP / ISIN:

46634E239 / US46634E2393

Listing:

The securities will not be listed on any securities exchange.

Agent:

J.P. Morgan Securities Inc. (“JPMSI”)

Commissions and issue price:

Price to Public⁽¹⁾⁽²⁾

Fees and Commissions⁽²⁾⁽³⁾

Proceeds to Issuer

Per Security

$10.00

$0.20

$9.80

Total

$1,302,570.00

$26,051.40

$1,276,518.60

(1)

The price to the public includes the estimated cost of hedging our obligations under the securities through one or more of our affiliates, which includes our affiliates’ expected cost of providing such hedge as well as the profit our affiliates expect to realize in consideration for assuming the risks inherent in providing such hedge. For additional related information, please see “Use of Proceeds” beginning on PS-20 of the accompanying product supplement no. MS-7-A-II.

(2)

The actual price to public and commissions for a particular investor may be reduced for volume purchase discounts depending on the aggregate amount of securities purchased by that investor. The lowest price payable by an investor is $9.925 per security. Please see “Syndicate Information” on page 5 of the accompanying preliminary terms for further details.

(3)

JPMSI, acting as agent for JPMorgan Chase & Co., received a commission of $0.20 per $10 stated principal amount security and used all of that commission to allow selling concessions to Morgan Stanley Smith Barney LLC. See “Underwriting (Conflicts of Interest)” beginning on page PS-58 of the accompanying product supplement no. MS-7-A-II.