New Issue: JPMorgan prices $158,000 16.5% reverse exchangeables linked to First Solar

New York, Dec. 30 - JPMorgan Chase & Co. priced $158,000 of 16.5% reverse exchangeable notes due June 30, 2014 linked to First Solar, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless First Solar shares fall below the protection price of $38.976, 70% of the initial price of $55.68, during the life of the notes and finish below the initial price in which case the payout will be 17.9598 shares of First Solar stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$158,000
Maturity:	June 30, 2014
Coupon:	16.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares fall below the protection price of $38.976, 70% of the initial price, and finish below the initial price, in which case 17.9598 shares of First Solar stock
Initial price:	$55.68
Protection price:	$38.976, 70% of $55.68
Exchange ratio:	17.9598
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	JPMorgan
Fees:	2.475%
Cusip:	48126NN52

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