By Marisa Wong
Madison, Wis., Sept. 30 - JPMorgan Chase & Co. priced $21.23 million of 10% trigger yield optimization notes due Sept. 30, 2012 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial price of GE stock.
The payout at maturity will be par in cash unless the final price of GE stock is less than 75% of the initial share price, in which case investors will receive one GE share per note.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | General Electric Co. (NYSE: GE)
|
| Amount: | $21,233,429.40
|
| Maturity: | Sept. 30, 2012
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $15.45
|
| Payout at maturity: | Par in cash unless final price is less than trigger price, in which case one GE share per note
|
| Initial share price: | $15.45
|
| Trigger price: | $11.59, 75% of initial share price
|
| Pricing date: | Sept. 28
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T523
|
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