New Issue: JPMorgan prices $2.44 million 10.42% six-month airbag yield notes on International Paper

By Toni Weeks

San Diego, June 5 - JPMorgan Chase & Co. priced $2.44 million of 10.42% annualized airbag yield optimization notes due Dec. 7, 2012 linked to International Paper Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the International Paper stock finishes below the 85% conversion level, in which case the payout will be a number of International Paper shares equal to $1,000 divided by the conversion price.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Airbag yield optimization notes
Underlying stock:	International Paper Co. (Symbol: IP)
Amount:	$2,444,000
Maturity:	Dec. 7, 2012
Coupon:	10.42%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of International Paper shares equal to $1,000 divided by conversion price; otherwise, par
Initial share price:	$28.13
Conversion price:	$23.91, 85% of initial share price
Pricing date:	June 1
Settlement date:	June 7
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	46637G512

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