New Issue: JPMorgan prices $185,000 9.5% reverse exchangeables linked to Whirlpool

New York, Aug. 20 - JPMorgan Chase & Co. priced $185,000 of 9.5% reverse exchangeable notes due Aug. 19, 2014 linked to Whirlpool Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Whirlpool shares fall below the protection price of $106.168, 80% of the initial price of $132.71, during the life of the notes and finish below the initial price in which case the payout will be 7.5352 shares of Whirlpool stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Whirlpool Corp. (Symbol: WHR)
Amount:	$185,000
Maturity:	Aug. 19, 2014
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Whirlpool shares fall below the protection price of $106.168, 80% of the initial price, and finish below the initial price, in which case 7.5352 shares of Whirlpool stock
Initial price:	$132.71
Protection price:	$106.168, 80% of $132.71
Exchange ratio:	7.5352
Pricing date:	Aug. 15
Settlement date:	Aug. 20
Agent:	JPMorgan
Cusip:	48126NMY0

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