New Issue: JPMorgan prices $419,000 six-month reverse exchangeables linked to First Solar

By Susanna Moon

Chicago, Nov. 1 - JPMorgan Chase & Co. priced $419,000 of 21% annualized reverse exchangeable notes due Jan. 29, 2014 linked to First Solar Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless First Solar shares fall by more than 30% during the life of the notes and finish below the initial share price, in which case the payout will be a number of First Solar shares equal to $1,000 divided by the initial share price.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	First Solar Inc. (Symbol: FSLR)
Amount:	$419,000
Maturity:	Jan. 29, 2014
Coupon:	21%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares fall by more than buffer amount during life of notes and finish below initial share price, in which case 19.0985 First Solar shares
Initial share price:	$52.36
Buffer amount:	$15.708, 30% of initial share price
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	2.632%
Cusip:	48126NYB7

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