New Issue: JPMorgan prices $85,000 13% reverse convertibles linked to Whirlpool

New York, June 19 - JPMorgan Chase & Co. priced $85,000 of 13% reverse convertible notes due Dec. 20, 2012 linked to Whirlpool Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Whirlpool shares fall below the protection price of $38.4215, 65% of the initial price of $59.11, during the life of the notes and finish below the initial price in which case the payout will be 16.9176 shares of Whirlpool stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Whirlpool Corp. (Symbol: WHR)
Amount:	$85,000
Maturity:	Dec. 20, 2012
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Whirlpool shares fall below the protection price of $38.4215, 65% of the initial price, and finish below the initial price, in which case 16.9176 shares of Whirlpool stock
Initial price:	$59.11
Protection price:	$38.4215, 65% of $59.11
Exchange ratio:	16.9176
Pricing date:	June 15
Settlement date:	June 20
Agent:	JPMorgan
Fees:	2.182%
Cusip:	48125VF21

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