New Issue: JPMorgan prices $169,000 22.5% reverse convertibles linked to Research in Motion

New York, March 15 - JPMorgan Chase & Co. priced $169,000 of 22.5% reverse convertible notes due June 18, 2012 linked to Research In Motion Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Research in Motion shares fall below the protection price of $10.1175, 75% of the initial price of $13.49, during the life of the notes and finish below the initial price in which case the payout will be 74.1290 shares of Research in Motion stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Research In Motion Ltd. (Symbol: RIMM)
Amount:	$169,000
Maturity:	June 18, 2012
Coupon:	22.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Research in Motion shares fall below the protection price of $10.1175, 75% of the initial price, and finish below the initial price, in which case 74.1290 shares of Research in Motion stock
Initial price:	$13.49
Protection price:	$10.1175, 75% of $13.49
Exchange ratio:	74.1290
Pricing date:	March 13
Settlement date:	March 16
Agent:	JPMorgan
Fees:	2.825%
Cusip:	48125VRE2

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