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JPMorgan to price 10% reverse convertibles linked to Goodyear Tire
New York, Jan. 7 - JPMorgan Chase & Co. plans to price 10% reverse convertible notes due July 19, 2013 linked to Goodyear Tire & Rubber Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Goodyear Tire 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 Goodyear Tire shares equal to $1,000 divided by the initial price.
The notes are expected to price on Jan. 16 and settle on Jan. 22.
JPMorgan is the agent.
The Cusip number is 48126DSG5.
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