New Issue: JPMorgan prices $1 million 5.5% reverse exchangeables on Barrick Gold

By Toni Weeks

San Luis Obispo, Calif., Dec. 3 - JPMorgan Chase & Co. priced $1 million of 5.5% annualized reverse exchangeable notes due June 2, 2014 linked to Barrick Gold Corp. shares, 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 Barrick Gold shares fall by more than 25% during the life of the notes and finish below the initial price, in which case the payout will be 61.6903 shares of Barrick Gold stock.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Barrick Gold Corp. (Symbol: ABX)
Amount:	$1,006,000
Maturity:	June 2, 2014
Coupon:	5.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Barrick Gold shares fall by more than 25% during the life of the notes and finish below the initial price, in which case 61.6903 shares of Barrick Gold stock
Initial price:	$16.21
Buffer amount:	$4.0525, 25% of initial price
Exchange ratio:	61.6903
Pricing date:	Nov. 26
Settlement date:	Nov. 29
Agent:	J.P. Morgan Securities LLC
Fees:	1.75%
Cusip:	48126ND79

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