New Issue: JPMorgan prices $365,000 12% reverse exchangeables linked to Tesla Motors

New York, Jan. 17 - JPMorgan Chase & Co. priced $365,000 of 12% reverse exchangeable notes due April 17, 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 $100.772, 70% of the initial price of $143.96, during the life of the notes and finish below the initial price in which case the payout will be 6.9464 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:	$365,000
Maturity:	April 17, 2014
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Tesla Motors shares fall below the protection price of $100.772, 70% of the initial price, and finish below the initial price, in which case 6.9464 shares of Tesla Motors stock
Initial price:	$143.96
Protection price:	$100.772, 70% of $143.96
Exchange ratio:	6.9464
Pricing date:	Jan. 15
Settlement date:	Jan. 17
Agent:	JPMorgan
Fees:	2%
Cusip:	48126NW78

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