New Issue: JPMorgan prices $1 million 9.25% reverse convertibles linked to Seagate Technology

New York, Oct. 11 - JPMorgan Chase & Co. priced $1 million of 9.25% reverse convertible notes due Jan. 14, 2013 linked to Seagate Technology Public Ltd. Co. 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 $19.34, 67.1528% of the initial price of $28.80, during the life of the notes and finish below the initial price in which case the payout will be 34.7222 shares of Seagate Technology stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Seagate Technology Public Ltd. Co. (Symbol: STX)
Amount:	$1 million
Maturity:	Jan. 14, 2013
Coupon:	9.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Seagate Technology shares fall below the protection price of $19.34, 67.1528% of the initial price, and finish below the initial price, in which case 34.7222 shares of Seagate Technology stock
Initial price:	$28.80
Protection price:	$19.34, 67.1528% of $28.80
Exchange ratio:	34.7222
Pricing date:	Oct. 9
Settlement date:	Oct. 12
Agent:	JPMorgan
Fees:	2.05%, including 1.25% for selling concessions
Cusip:	48126DDT3

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