By Angela McDaniels
Tacoma, Wash., Jan. 20 - JPMorgan Chase & Co. priced $888,086 of 11.25% annualized yield optimization notes with contingent protection due April 21, 2010 linked to the class A common stock of DISH Network Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $19.91, which is equal to the closing price of DISH Network stock on the pricing date.
Interest is payable at maturity.
If the final share price of DISH Network stock is greater than or equal to 80% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one DISH Network share per note.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | DISH Network Corp. class A common stock (Nasdaq: DISH)
|
| Amount: | $888,086
|
| Maturity: | April 21, 2010
|
| Coupon: | 11.25%, payable at maturity
|
| Price: | Par of $19.91
|
| Payout at maturity: | If DISH Network shares finish below trigger price, one DISH Network share; otherwise, par
|
| Initial share price: | $19.91
|
| Trigger price: | $15.9280, 80% of initial price
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
| Fees: | 0.6%
|
| Cusip: | 46634E734
|
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