New Issue: JPMorgan prices $564,000 7.8% reverse exchangeables linked to Whole Foods

New York, June 27 – JPMorgan Chase & Co. priced $564,000 of 7.8% reverse exchangeable notes due Dec. 30, 2014 linked to Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Whole Foods shares fall below the protection price of $29.3175, 75% of the initial price of $39.09, during the life of the notes and finish below the initial price in which case the payout will be 25.5820 shares of Whole Foods stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Whole Foods Market, Inc. (Symbol: WFM)
Amount:	$564,000
Maturity:	Dec. 30, 2014
Coupon:	7.8%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Whole Foods shares fall below the protection price of $29.3175, 75% of the initial price, and finish below the initial price, in which case 25.5820 shares of Whole Foods stock
Initial price:	$39.09
Protection price:	$29.3175, 75% of $39.09
Exchange ratio:	25.5820
Pricing date:	June 25
Settlement date:	June 30
Agent:	JPMorgan
Cusip:	48127DML9

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