New Issue: JPMorgan prices $345,000 15.5% reverse exchangeables linked to Tesla Motors

New York, Aug. 20 - JPMorgan Chase & Co. priced $345,000 of 15.5% reverse exchangeable notes due Feb. 21, 2014 linked to Tesla Motors, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Tesla Motors shares fall below the protection price of $83.802, 60% of the initial price of $139.67, during the life of the notes and finish below the initial price in which case the payout will be 7.1597 shares of Tesla Motors stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Tesla Motors, Inc. (Symbol: TSLA)
Amount:	$345,000
Maturity:	Feb. 21, 2014
Coupon:	15.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Tesla Motors shares fall below the protection price of $83.802, 60% of the initial price, and finish below the initial price, in which case 7.1597 shares of Tesla Motors stock
Initial price:	$139.67
Protection price:	$83.802, 60% of $139.67
Exchange ratio:	7.1597
Pricing date:	Aug. 15
Settlement date:	Aug. 20
Agent:	JPMorgan
Cusip:	48126NMN4

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