New Issue: JPMorgan prices $900,000 14.35% reverse exchangeables linked to Qihoo 360

New York, July 31 - JPMorgan Chase & Co. priced $900,000 of 14.35% reverse exchangeable notes due Nov. 3, 2014 linked to Qihoo 360 Technology Co. Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Qihoo 360 shares fall below the protection price of $75.045, 75% of the initial price of $100.06, during the life of the notes and finish below the initial price in which case the payout will be 9.9940 shares of Qihoo 360 stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Qihoo 360 Technology Co. Ltd. (Symbol: QIHU)
Amount:	$900,000
Maturity:	Nov. 3, 2014
Coupon:	14.35%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Qihoo 360 shares fall below the protection price of $75.045, 75% of the initial price, and finish below the initial price, in which case 9.9940 shares of Qihoo 360 stock
Initial price:	$100.06
Protection price:	$75.045, 75% of $100.06
Exchange ratio:	9.9940
Pricing date:	July 29
Settlement date:	July 31
Agent:	JPMorgan
Fees:	1.75%
Cusip:	48127DVA3

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