New Issue: JPMorgan prices $14,000 21.25% reverse convertibles linked to Best Buy

New York, May 15 - JPMorgan Chase & Co. priced $14,000 of 21.25% reverse convertible notes due Aug. 16, 2013 linked to Best Buy Co., Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Best Buy shares fall below the protection price of $20.248, 80% of the initial price of $25.31, during the life of the notes and finish below the initial price in which case the payout will be 39.5101 shares of Best Buy stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Best Buy Co., Inc. (Symbol: BBY)
Amount:	$14,000
Maturity:	Aug. 16, 2013
Coupon:	21.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Best Buy shares fall below the protection price of $20.248, 80% of the initial price, and finish below the initial price, in which case 39.5101 shares of Best Buy stock
Initial price:	$25.31
Protection price:	$20.248, 80% of $25.31
Exchange ratio:	39.5101
Pricing date:	May 13
Settlement date:	May 16
Agent:	JPMorgan
Cusip:	48126D4E6

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