March 2009

Pricing Sheet dated March 24, 2009 relating to

Preliminary Terms No. 8 dated March 2, 2009 to

Registration Statement No. 333-155535

Filed pursuant to Rule 433

PRICING TERMS – March 24, 2009

Issuer:

JPMorgan Chase & Co.

Maturity date:

April 30, 2010, subject to adjustment for certain market disruption events and as described under “Description of PLUS — Payment at Maturity” in the accompanying product supplement no. MS-2-A-I.

ETF Shares:

Shares of the iShares^® MSCI EAFE Index Fund

Underlying Index:

MSCI EAFE^® Index

Aggregate principal amount:

$2,760,750

Payment at maturity:

If final share price is greater than initial share price, for each $10 principal amount PLUS,

$10 + leveraged upside payment

In no event will the payment at maturity exceed the maximum payment at maturity.

If final share price is less than or equal to initial share price, for each $10 principal amount PLUS,

$10 x share performance factor

This amount will be less than or equal to the stated principal amount of $10 per PLUS, but will not be less than zero.

Leveraged upside payment:

$10 x leverage factor x share percent increase

Share percent increase:

(final share price – initial share price) / initial share price

Initial share price:

$38.20, 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

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-2-A-I.

Valuation date:

April 27, 2010, subject to adjustment for certain market disruption events and as described under “Description of PLUS — Payment at Maturity” in the accompanying product supplement no. MS-2-A-I.

Leverage factor:

300%

Share performance factor:

final share price / initial share price

Maximum payment at maturity:

$13.00 (130% of the stated principal amount) per PLUS.

Stated principal amount:

$10 per PLUS

Issue price:

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

Pricing date:

March 24, 2009

Original issue date:

March 31, 2009 (5 business days after the pricing date)

CUSIP:

46625H381

Listing:

The PLUS 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 Company

Per PLUS

$10

$0.20

$9.80

Total

$2,760,750

$55,215

$2,705,535

(1)

The price to the public includes the estimated cost of hedging our obligations under the PLUS 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-17 of the accompanying product supplement no. MS-2-A-I.

(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 PLUS purchased by that investor. The lowest price payable by an investor is $9.95 per PLUS. 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 principal amount PLUS and used all of that commission to allow selling concessions to Morgan Stanley & Co. Incorporated (“MS & Co.”). See “Underwriting” beginning on page PS-43 of the accompanying product supplement no. MS-2-A-I.