New Issue: JPMorgan prices $0.201 million 11.25% reverse convertibles linked to Intel

New York, March 30 - JPMorgan Chase & Co. priced $0.201 million of 11.25% reverse convertible notes due March 31, 2010 linked to Intel Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Intel shares fall below the protection price, 40% of the initial price of $15.82, during the life of the notes and finish below the initial price in which case the payout will be Intel shares equal to $1,000 principal amount divided by the initial price.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Intel Corp. (Symbol: INTC)
Amount:	$0.201 million
Maturity:	March 31, 2010
Coupon:	11.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Intel shares fall below the protection price, 40% of the initial price, and finish below the initial price, in which case Intel shares equal to $1,000 principal amount divided by the initial price
Initial price:	$15.82
Pricing date:	March 26
Settlement date:	March 31
Agent:	JPMorgan

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