New Issue: JPMorgan prices $105,000 14% reverse exchangeables linked to Barrick Gold

New York, Aug. 20 - JPMorgan Chase & Co. priced $105,000 of 14% reverse exchangeable notes due Feb. 21, 2014 linked to Barrick Gold Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Barrick Gold shares fall below the protection price of $13.867, 70% of the initial price of $19.81, during the life of the notes and finish below the initial price in which case the payout will be 50.4796 shares of Barrick Gold stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Barrick Gold Corp. (Symbol: ABX)
Amount:	$105,000
Maturity:	Feb. 21, 2014
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Barrick Gold shares fall below the protection price of $13.867, 70% of the initial price, and finish below the initial price, in which case 50.4796 shares of Barrick Gold stock
Initial price:	$19.81
Protection price:	$13.867, 70% of $19.81
Exchange ratio:	50.4796
Pricing date:	Aug. 15
Settlement date:	Aug. 20
Agent:	JPMorgan
Cusip:	48126NMR5

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