New Issue: JPMorgan prices $127,000 9.25% reverse exchangeables linked to Whirlpool

By Angela McDaniels

Tacoma, Wash., Dec. 30 - JPMorgan Chase & Co. priced $127,000 of 9.25% reverse exchangeable notes due Dec. 29, 2014 linked to the common stock of Whirlpool Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless the closing price of Whirlpool shares declines by more than 20% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Whirlpool shares equal to $1,000 divided by the initial share price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Whirlpool Corp. (Symbol: WHR)
Amount:	$127,000
Maturity:	Dec. 29, 2014
Coupon:	9.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Whirlpool shares decline by more than buffer amount during life of notes and finish below initial share price, in which case 6.3371 shares of Whirlpool stock
Initial share price:	$157.80
Buffer amount:	$31.56, or 20% of initial share price
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.667%
Cusip:	48126NP35

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