JPMorgan plans 12% six-month reverse exchangeables tied to First Solar

By Susanna Moon

Chicago, Nov. 14 - JPMorgan Chase & Co. plans to price of 12% annualized reverse exchangeable notes due March 3, 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.

The notes will price on Nov. 26 and settle on Nov. 29.

The Cusip number is 48126ND20.

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