New Issue: JPMorgan prices $2.8 million 20.35% reverse convertibles linked to Seagate Technology

New York, Dec. 21 - JPMorgan Chase & Co. priced $2.8 million of 20.35% reverse convertible notes due Dec. 24, 2012 linked to Seagate Technology plc shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Seagate Technology shares fall below the protection price of $11.3025, 75% of the initial price of $15.07, during the life of the notes and finish below the initial price in which case the payout will be 66.357 shares of Seagate Technology stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Seagate Technology plc (Symbol: STX)
Amount:	$2.8 million
Maturity:	Dec. 24, 2012
Coupon:	20.35%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Seagate Technology shares fall below the protection price of $11.3025, 75% of the initial price, and finish below the initial price, in which case 66.357 shares of Seagate Technology stock
Initial price:	$15.07
Protection price:	$11.3025, 75% of $15.07
Exchange ratio:	66.357
Pricing date:	Dec. 19
Settlement date:	Dec. 22
Agent:	JPMorgan
Fees:	1.32%, including 0.75% for selling concessions
Cusip:	48125VGV6

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