New Issue: JPMorgan prices $1 million 9.4% reverse exchangeables linked to Goodrich Petroleum

New York, Sept. 30 - JPMorgan Chase & Co. priced $1 million of 9.4% reverse exchangeable notes due Dec. 31, 2014 linked to Goodrich Petroleum Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Goodrich Petroleum shares fall below the protection price of $7.55, 48.9942% of the initial price of $15.41, during the life of the notes and finish below the initial price in which case the payout will be 64.8929 shares of Goodrich Petroleum stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Goodrich Petroleum Corp. (Symbol: GDP)
Amount:	$1 million
Maturity:	Dec. 31, 2014
Coupon:	9.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Goodrich Petroleum shares fall below the protection price of $7.55, 48.9942% of the initial price, and finish below the initial price, in which case 64.8929 shares of Goodrich Petroleum stock
Initial price:	$15.41
Protection price:	$7.55, 48.9942% of $15.41
Exchange ratio:	64.8929
Pricing date:	Sept. 26
Settlement date:	Oct. 1
Agent:	JPMorgan
Fees:	1%
Cusip:	48127DF86

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