Pricing Supplement No. 19 Dated July 18, 1996 (To Prospectus Supplement dated February 20, 1996 and Prospectus dated January 31, 1996) Pursuant to Rule 424(b)(2) Registration Statement No. 33-64193 J.P. Morgan & Co. Incorporated Medium-Term Notes, Series A (Floating Rate Notes) Principal Amount: $150,000,000 CUSIP: 61687Y AR8 Trade Date: July 18, 1996 Settlement Date: July 23, 1996 Maturity Date: August 15, 1997 If principal amount is other than U.S. dollars, equivalent in U.S. dollars: N/A Exchange Agent: N/A Price to Public (Issue Price): Variable Price Re-offer Net Proceeds to Issuer: 99.9846% Interest Rate (per annum): 26-week Treasury Bill rate (as quoted on Telerate pp. 57) plus .07%, reset weekly and paid semi- annually on an actual/actual basis. Interest Rate Basis: ( ) Commercial Paper Rate ( ) Federal Funds Rate ( ) LIBOR (Reuters) (X) Treasury Rate Note (26-week Treasury Bill, as quoted on Telerate pp.57 or, if not available, as provided in the Prospectus Supplement) ( ) LIBOR (Telerate) ( ) Other: ( ) Prime Rate Interest Payment Date(s): February 15, 1997 and August 15, 1997 Record Date(s): (X) The fifteenth day (whether or not a Business Day) next preceding each Interest Payment Date. ( ) Other Initial Interest Rate Per Annum: Rate on the first Business Day preceding the Settlement Date. Interest Payment Period: ( ) Annual ( X ) Semi-Annual ( ) Monthly ( ) Quarterly Interest Reset Periods: ( ) Daily ( X ) Weekly ( ) Monthly ( ) Quarterly ( ) Semi-annually; the third Wednesday of : ( ) Annually; the third Wednesday of: Interest Determination Dates, if other than stated in the Prospectus Supplement: N/A Interest Reset Date if other than stated in the Prospectus Supplement: N/A Interest Calculation: (X) Regular Floating Rate ( ) Inverse Floating Rate (Fixed Interest Rate: ___%) ( ) Other Floating Rate (See attached) Spread (plus/minus): plus .07% Spread Multiplier: N/A Index Maturity: 26-weeks Index Currency: N/A Maximum Interest Rate: N/A Minimum Interest Rate: N/A Calculation Date if other than stated in the Prospectus Supplement: N/A Right of Payment: ( ) Subordinated (X) Unsubordinated Day Count Basis: ( ) 30/360 ( ) Actual/360 (X) Actual/Actual Form: (X) Book-Entry Note (DTC) ( ) Certificated Note Denomination: $250,000 with $50,000 integral multiples thereafter. Redemption: (X) The Notes may not be redeemed prior to stated maturity. Optional Redemption Date(s): Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction: N/A Modified Payment Upon Acceleration: N/A Redemption Date Prices: Sinking Fund: None Extendible Note: ( ) Yes (X) No Amortization Schedule: N/A Original Issue Discount: N/A Amount of OID: Yield to Maturity: Interest Accrual Date: Initial Accrual Period OID: Indexed Note: ( ) Yes (X) No Calculation Agent(s): (X) First Trust of New York, National Association ( ) Morgan Guaranty Trust Company of New York Plan of Distribution: J.P. Morgan Securities Inc. has acted as agent on behalf of the Company. The Company has agreed to indemnify the Agent against certain liabilities, including liabilities under the Securities Act of 1933, as amended. Additional Terms: CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.