New Issue: JPMorgan prices $0.852 million 21% reverse convertibles linked to Goldman Sachs

New York, March 30 - JPMorgan Chase & Co. priced $0.852 million of 21% reverse convertible notes due June 30, 2009 linked to Goldman Sachs Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Goldman Sachs shares fall below the protection price of $55.995, 50% of the initial price of $111.99, during the life of the notes and finish below the initial price in which case the payout will be 8.9294 shares of Goldman Sachs stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Goldman Sachs Group, Inc. (Symbol: GS)
Amount:	$0.852 million
Maturity:	June 30, 2009
Coupon:	21%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Goldman Sachs shares fall below the protection price of $55.995, 50% of the initial price, and finish below the initial price, in which case 8.9294 shares of Goldman Sachs stock
Initial price:	$111.99
Protection price:	$55.995, 50% of $111.99
Exchange ratio:	8.9294
Pricing date:	March 26
Settlement date:	March 31
Agent:	JPMorgan

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