New Issue: JPMorgan prices $0.26 million 16% reverse convertibles linked to Boeing

New York, Sept. 29 - JPMorgan Chase & Co. priced $0.26 million of 16% reverse convertible notes due March 31, 2009 linked to Boeing Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Boeing shares fall below the protection price of $45.936, 80% of the initial price of $57.42, during the life of the notes and finish below the initial price in which case the payout will be 17.4155 shares of Boeing stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Boeing Co. (Symbol: BA)
Amount:	$0.26 million
Maturity:	March 31, 2009
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Boeing shares fall below the protection price of $45.936, 80% of the initial price, and finish below the initial price, in which case 17.4155 shares of Boeing stock
Initial price:	$57.42
Protection price:	$45.936, 80% of $57.42
Exchange ratio:	17.4155
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	JPMorgan

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