New Issue: JPMorgan prices $1 million 9.4% reverse convertibles linked to lululemon athletica

New York, June 28 - JPMorgan Chase & Co. priced $1 million of 9.4% reverse convertible notes due Oct. 1, 2013 linked to lululemon athletica inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless lululemon athletica shares fall below the protection price of $46.91, 73.8973% of the initial price of $63.48, during the life of the notes and finish below the initial price in which case the payout will be 15.753 shares of lululemon athletica stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	lululemon athletica inc. (Symbol: LULU)
Amount:	$1 million
Maturity:	Oct. 1, 2013
Coupon:	9.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless lululemon athletica shares fall below the protection price of $46.91, 73.8973% of the initial price, and finish below the initial price, in which case 15.753 shares of lululemon athletica stock
Initial price:	$63.48
Protection price:	$46.91, 73.8973% of $63.48
Exchange ratio:	15.753
Pricing date:	June 26
Settlement date:	July 1
Agent:	JPMorgan
Fees:	1.25%
Cusip:	48126NGU5

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