New Issue: JPMorgan prices $600,000 17.25% reverse exchangeables linked to Zillow

New York, Oct. 21 - JPMorgan Chase & Co. priced $600,000 of 17.25% reverse exchangeable notes due April 23, 2014 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 $44.418, 55% of the initial price of $80.76, during the life of the notes and finish below the initial price in which case the payout will be 12.3824 shares of Zillow stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Zillow, Inc. (Symbol: Z)
Amount:	$600,000
Maturity:	April 23, 2014
Coupon:	17.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Zillow shares fall below the protection price of $44.418, 55% of the initial price, and finish below the initial price, in which case 12.3824 shares of Zillow stock
Initial price:	$80.76
Protection price:	$44.418, 55% of $80.76
Exchange ratio:	12.3824
Pricing date:	Oct. 17
Settlement date:	Oct. 22
Agent:	JPMorgan
Fees:	1.65%
Cusip:	48126NYN1

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