New Issue: JPMorgan prices $500,000 25% reverse convertibles linked to Interoil

New York, June 18 - JPMorgan Chase & Co. priced $500,000 of 25% reverse convertible notes due Sept. 19, 2013 linked to Interoil Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Interoil shares fall below the protection price of $45.9755, 60.05% of the initial price of $76.562, during the life of the notes and finish below the initial price in which case the payout will be 13.0613 shares of Interoil stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Interoil Corp. (Symbol: IOC)
Amount:	$500,000
Maturity:	Sept. 19, 2013
Coupon:	25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Interoil shares fall below the protection price of $45.9755, 60.05% of the initial price, and finish below the initial price, in which case 13.0613 shares of Interoil stock
Initial price:	$76.562
Protection price:	$45.9755, 60.05% of $76.562
Exchange ratio:	13.0613
Pricing date:	June 14
Settlement date:	June 19
Agent:	JPMorgan
Fees:	2.5%
Cusip:	48126NEW3

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