New Issue: JPMorgan prices $300,000 10% upside auto callable reverse exchangeables linked to Ford

By Jennifer Chiou

New York, Jan. 10 - JPMorgan Chase & Co. priced $300,000 of 10% upside auto callable reverse exchangeable notes due Jan. 11, 2012 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if Ford stock closes above the initial share price on April 6, July 6, Oct. 5, 2011 or Jan. 6, 2012.

The payout at maturity will be par unless the final share price is less than 70% of the initial share price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price or, at JPMorgan's option, a cash amount equal to the value of those shares.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Upside auto callable reverse exchangeable notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$300,000
Maturity:	Jan. 11, 2012
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than 70% of initial share price, number of Ford shares equal to $1,000 divided by initial share price or equivalent value in cash; otherwise, par
Call:	Automatically at par if Ford stock closes above initial share price on April 6, July 6, Oct. 5, 2011 or Jan. 6, 2012
Initial share price:	$18.22
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agent:	J.P. Morgan Securities LLC
Fees:	3.1%, including 2.1% for selling concessions
Cusip:	48124A7C5

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