JPMorgan plans 8.6%-11.1% trigger yield notes linked to Starbucks

By Toni Weeks

San Diego, Aug. 24 - JPMorgan Chase & Co. plans to price 8.6% to 11.1% annualized trigger yield optimization notes due Feb. 29, 2012 linked to the common stock of Starbucks Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Starbucks stock.

The payout at maturity will be par unless the final price of Starbucks stock is less than 70% of the initial share price, in which case investors will receive one Starbucks share per note.

The notes (Cusip: 46636T812) are expected to price Aug. 29 and settle Aug. 31.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.

© 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.