New Issue: JPMorgan prices $750,000 16.1% reverse convertibles linked to Supervalu

New York, April 30 - JPMorgan Chase & Co. priced $750,000 of 16.1% reverse convertible notes due July 31, 2012 linked to Supervalu Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Supervalu shares fall below the protection price of $4.333, 70% of the initial price of $6.19, during the life of the notes and finish below the initial price in which case the payout will be 161.5509 shares of Supervalu stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Supervalu Inc. (Symbol: SVU)
Amount:	$750,000
Maturity:	July 31, 2012
Coupon:	16.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Supervalu shares fall below the protection price of $4.333, 70% of the initial price, and finish below the initial price, in which case 161.5509 shares of Supervalu stock
Initial price:	$6.19
Protection price:	$4.333, 70% of $6.19
Exchange ratio:	161.5509
Pricing date:	April 26
Settlement date:	April 30
Agent:	JPMorgan
Fees:	2%, including 1.5% for selling concessions
Cusip:	48125VWP1

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