By Toni Weeks
San Diego, Jan. 10 - JPMorgan Chase & Co. priced $3.42 million of 7.57% trigger yield optimization notes due Jan. 11, 2013 linked to the common stock of General Electric Co., according to a 424B2 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 General Electric stock.
The payout at maturity will be par unless the final price of General Electric stock is less than 80% of the initial share price, in which case investors will receive one General Electric share per note.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | General Electric Co. (Symbol: GE)
|
| Amount: | $3,415,523.70
|
| Maturity: | Jan. 11, 2013
|
| Coupon: | 7.57%, payable monthly
|
| Price: | Par of $18.65
|
| Payout at maturity: | If final share price is less than trigger price, one General Electric share; otherwise, par
|
| Initial share price: | $18.65
|
| Trigger price: | $14.92, 80% of initial price
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126B665
|
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