New Issue: JPMorgan prices $1 million 9.2% reverse exchangeables linked to Greenbrier

New York, Oct. 24 - JPMorgan Chase & Co. priced $1 million of 9.2% reverse exchangeable notes due Jan. 27, 2015 linked to Greenbrier Cos., Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Greenbrier shares fall below the protection price of $31.57, 54.8185% of the initial price of $57.59, during the life of the notes and finish below the initial price in which case the payout will be 17.3641 shares of Greenbrier stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Greenbrier Cos., Inc. (Symbol: GBX)
Amount:	$1 million
Maturity:	Jan. 27, 2015
Coupon:	9.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Greenbrier shares fall below the protection price of $31.57, 54.8185% of the initial price, and finish below the initial price, in which case 17.3641 shares of Greenbrier stock
Initial price:	$57.59
Protection price:	$31.57, 54.8185% of $57.59
Exchange ratio:	17.3641
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agent:	JPMorgan
Fees:	0.75%
Cusip:	48127DP51

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