New Issue: JPMorgan prices $1 million 9.4% reverse exchangeables linked to OmniVision Technologies

New York, July 25 - JPMorgan Chase & Co. priced $1 million of 9.4% reverse exchangeable notes due Oct. 28, 2013 linked to OmniVision Technologies, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless OmniVision Technologies shares fall below the protection price of $11.47, 65.8061% of the initial price of $17.43, during the life of the notes and finish below the initial price in which case the payout will be 57.3723 shares of OmniVision Technologies stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	OmniVision Technologies, Inc. (Symbol: OVTI)
Amount:	$1 million
Maturity:	Oct. 28, 2013
Coupon:	9.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless OmniVision Technologies shares fall below the protection price of $11.47, 65.8061% of the initial price, and finish below the initial price, in which case 57.3723 shares of OmniVision Technologies stock
Initial price:	$17.43
Protection price:	$11.47, 65.8061% of $17.43
Exchange ratio:	57.3723
Pricing date:	July 23
Settlement date:	July 26
Agent:	JPMorgan
Fees:	0.9%
Cusip:	48126NLG0

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