New Issue: JPMorgan prices $478,000 7% reverse exchangeables linked to Pioneer Natural

New York, Sept. 29 - JPMorgan Chase & Co. priced $478,000 of 7% reverse exchangeable notes due March 30, 2015 linked to Pioneer Natural Resources Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Pioneer Natural shares fall below the protection price of $146.0175, 75% of the initial price of $194.69, during the life of the notes and finish below the initial price in which case the payout will be 5.1364 shares of Pioneer Natural stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Pioneer Natural Resources Co. (Symbol: PXD)
Amount:	$478,000
Maturity:	March 30, 2015
Coupon:	7%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Pioneer Natural shares fall below the protection price of $146.0175, 75% of the initial price, and finish below the initial price, in which case 5.1364 shares of Pioneer Natural stock
Initial price:	$194.69
Protection price:	$146.0175, 75% of $194.69
Exchange ratio:	5.1364
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	JPMorgan
Cusip:	48127DA81

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