New Issue: JPMorgan prices $50,000 reverse exchangeables linked to Hewlett-Packard

By Marisa Wong

Madison, Wis., Oct. 31 - JPMorgan Chase & Co. priced $50,000 of 9.75% reverse exchangeable notes due Oct. 30, 2014 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless Hewlett-Packard shares fall by more than 20% during the life of the notes and finish below the initial share price, in which case the payout will be a number of Hewlett-Packard shares equal to $1,000 divided by the initial share price.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Hewlett-Packard Co. (Symbol: HPQ)
Amount:	$50,000
Maturity:	Oct. 30, 2014
Coupon:	9.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Hewlett-Packard shares fall by more than buffer amount during life of notes and finish below initial share price, in which case 41.9463 Hewlett-Packard shares
Initial share price:	$23.84
Buffer amount:	$4.768, 20% of initial share price
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	2.691%
Cusip:	48126NYM3

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