New Issue: JPMorgan prices $400,000 14.7% reverse exchangeables linked to Zillow

New York, Oct. 24 - JPMorgan Chase & Co. priced $400,000 of 14.7% reverse exchangeable notes due April 27, 2015 linked to Zillow, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Zillow shares fall below the protection price of $62.658, 60% of the initial price of $104.43, during the life of the notes and finish below the initial price in which case the payout will be 9.5758 shares of Zillow stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Zillow, Inc. (Symbol: Z)
Amount:	$400,000
Maturity:	April 27, 2015
Coupon:	14.7%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Zillow shares fall below the protection price of $62.658, 60% of the initial price, and finish below the initial price, in which case 9.5758 shares of Zillow stock
Initial price:	$104.43
Protection price:	$62.658, 60% of $104.43
Exchange ratio:	9.5758
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agent:	JPMorgan
Fees:	0.5%
Cusip:	48127DP36

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