New Issue: JPMorgan prices $45,000 12% reverse convertibles linked to F5 Networks

New York, March 30 - JPMorgan Chase & Co. priced $45,000 of 12% reverse convertible notes due June 29, 2012 linked to F5 Networks, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless F5 Networks shares fall below the protection price of $107.24, 80% of the initial price of $134.05, during the life of the notes and finish below the initial price in which case the payout will be 7.4599 shares of F5 Networks stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	F5 Networks, Inc. (Symbol: FFIV)
Amount:	$45,000
Maturity:	June 29, 2012
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless F5 Networks shares fall below the protection price of $107.24, 80% of the initial price, and finish below the initial price, in which case 7.4599 shares of F5 Networks stock
Initial price:	$134.05
Protection price:	$107.24, 80% of $134.05
Exchange ratio:	7.4599
Pricing date:	March 28
Settlement date:	March 30
Agent:	JPMorgan
Fees:	2.175%
Cusip:	48125VRZ5

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