New Issue: JPMorgan prices $794,000 11.4% reverse exchangeables linked to GameStop

New York, May 20 - JPMorgan Chase & Co. priced $794,000 of 11.4% reverse exchangeable notes due May 21, 2015 linked to GameStop Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless GameStop shares fall below the protection price of $21.522, 60% of the initial price of $35.87, during the life of the notes and finish below the initial price in which case the payout will be 27.8784 shares of GameStop stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	GameStop Corp. (Symbol: GME)
Amount:	$794,000
Maturity:	May 21, 2015
Coupon:	11.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless GameStop shares fall below the protection price of $21.522, 60% of the initial price, and finish below the initial price, in which case 27.8784 shares of GameStop stock
Initial price:	$35.87
Protection price:	$21.522, 60% of $35.87
Exchange ratio:	27.8784
Pricing date:	May 16
Settlement date:	May 21
Agent:	JPMorgan
Fees:	1%
Cusip:	48127DJQ2

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