New Issue: JPMorgan prices $1.451 million 21.2% reverse convertibles linked to General Electric

New York, Dec. 16 - JPMorgan Chase & Co. priced $1.451 million of 21.2% reverse convertible notes due June 17, 2009 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless General Electric shares fall below the protection price of $8.555, 50% of the initial price of $17.11, during the life of the notes and finish below the initial price in which case the payout will be 58.4454 shares of General Electric stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$1.451 million
Maturity:	June 17, 2009
Coupon:	21.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless General Electric shares fall below the protection price of $8.555, 50% of the initial price, and finish below the initial price, in which case 58.4454 shares of General Electric stock
Initial price:	$17.11
Protection price:	$8.555, 50% of $17.11
Exchange ratio:	58.4454
Pricing date:	Dec. 12
Settlement date:	Dec. 17
Agent:	JPMorgan
Fees:	6%

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