New Issue: JPMorgan prices $330,000 12.5% reverse convertibles linked to Silver Wheaton

New York, Oct. 1 - JPMorgan Chase & Co. priced $330,000 of 12.5% reverse convertible notes due March 28, 2013 linked to Silver Wheaton Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Silver Wheaton shares fall below the protection price of $30.12, 80% of the initial price of $37.65, during the life of the notes and finish below the initial price in which case the payout will be 26.5604 shares of Silver Wheaton stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Silver Wheaton Corp. (Symbol: SLW)
Amount:	$330,000
Maturity:	March 28, 2013
Coupon:	12.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Silver Wheaton shares fall below the protection price of $30.12, 80% of the initial price, and finish below the initial price, in which case 26.5604 shares of Silver Wheaton stock
Initial price:	$37.65
Protection price:	$30.12, 80% of $37.65
Exchange ratio:	26.5604
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Agent:	JPMorgan
Fees:	2.442%
Cusip:	48125V6V7

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