New Issue: JPMorgan prices $497,000 6.1% reverse convertibles linked to Linn Energy

New York, May 24 - JPMorgan Chase & Co. priced $497,000 of 6.1% reverse convertible notes due Aug. 27, 2013 linked to Linn Energy, LLC shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Linn Energy shares fall below the protection price of $26.1975, 75% of the initial price of $34.93, during the life of the notes and finish below the initial price in which case the payout will be Linn Energy 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:	Linn Energy, LLC (Symbol: LINE)
Amount:	$497,000
Maturity:	Aug. 27, 2013
Coupon:	6.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Linn Energy shares fall below the protection price of $26.1975, 75% of the initial price, and finish below the initial price, in which case Linn Energy shares equal to $1,000 principal amount divided by the initial price
Initial price:	$34.93
Protection price:	$26.1975, 75% of $34.93
Pricing date:	May 22
Settlement date:	May 28
Agent:	JPMorgan
Cusip:	48126NAJ6

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