New Issue: JPMorgan prices $50,000 11.25% reverse convertibles linked to Ford Motor

New York, Jan. 18 - JPMorgan Chase & Co. priced $50,000 of 11.25% reverse convertible notes due July 19, 2012 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $9.632, 80% of the initial price of $12.04, during the life of the notes and finish below the initial price in which case the payout will be 83.0565 shares of Ford Motor stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$50,000
Maturity:	July 19, 2012
Coupon:	11.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price of $9.632, 80% of the initial price, and finish below the initial price, in which case 83.0565 shares of Ford Motor stock
Initial price:	$12.04
Protection price:	$9.632, 80% of $12.04
Exchange ratio:	83.0565
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	JPMorgan
Fees:	2.121%
Cusip:	48125VHZ6

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