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JPMorgan to price 13.5% reverse convertibles linked to Silver Wheaton
New York, Oct. 5 - JPMorgan Chase & Co. plans to price 13.5% reverse convertible notes due April 19, 2013 linked to Silver Wheaton Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Silver Wheaton shares fall below 80% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Silver Wheaton shares equal to $1,000 divided by the initial price.
The notes are expected to price on Oct. 16 and settle on Oct. 19.
JPMorgan is the agent.
The Cusip number is 48126DCS6.
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