E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/21/2010 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.47 million contingent coupon notes tied to 10 stocks

By Angela McDaniels

Tacoma, Wash., Dec. 21 - JPMorgan Chase & Co. priced $1.47 million of contingent coupon notes due Dec. 22, 2014 linked to a basket of 10 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Altria Group, Inc., Amazon.com, Inc., AT&T Inc., Bristol-Myers Squibb Co., General Mills, Inc., Intel Corp., McDonald's Corp., Newmont Mining Corp., Wal-Mart Stores, Inc. and Wells Fargo & Co.

Interest is payable in December of each year and will equal the sum of the weighted returns of the basket stocks, subject to a floor of zero. The return of each stock will be subject to a floor of negative 20% and a cap of 9.6%.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Contingent coupon notes
Underlying stocks:Altria Group, Inc., Amazon.com, Inc., AT&T Inc., Bristol-Myers Squibb Co., General Mills, Inc., Intel Corp., McDonald's Corp., Newmont Mining Corp., Wal-Mart Stores, Inc. and Wells Fargo & Co.
Amount:$1,471,000
Maturity:Dec. 22, 2014
Coupon:Sum of weighted returns of basket stocks, subject to floor of zero; each stock's return subject to floor of negative 20% and cap of 9.6%; payable annually
Price:Par
Payout at maturity:Par
Pricing date:Dec. 17
Settlement date:Dec. 22
Agent:J.P. Morgan Securities LLC
Fees:2.346%
Cusip:48124A3W5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.