New Issue: JPMorgan prices $110,000 reverse exchangeables linked to Yelp

By Angela McDaniels

Tacoma, Wash., Oct. 31 - JPMorgan Chase & Co. priced $110,000 of reverse exchangeable notes due April 29, 2014 linked to the common stock of Yelp Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes have a coupon of 22% per year. Interest is payable monthly.

The payout at maturity will be par in cash unless Yelp shares fall by more than 40% during the life of the notes and finish below the initial share price, in which case the payout will be a number of Yelp shares equal to $1,000 divided by the initial share price.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Yelp Inc. (Symbol: YELP)
Amount:	$110,000
Maturity:	April 29, 2014
Coupon:	22%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Yelp shares fall by more than buffer amount during life of notes and finish below initial share price, in which case 14.5285 Yelp shares
Initial share price:	$68.83
Buffer amount:	$27.532, 40% of initial share price
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	2.62%
Cusip:	48126NYH4

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