By Susanna Moon
Chicago, Feb. 26 - JPMorgan Chase & Co. priced $13.59 million of 9.6% annualized yield optimization notes with contingent protection due Aug. 31, 2010 based on the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $30.01, which was the closing price of Halliburton stock at pricing.
Interest is payable monthly.
If the final share price of Halliburton stock is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Halliburton share per note.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $13,592,159.21
|
| Maturity: | Aug. 31, 2010
|
| Coupon: | 9.6%, payable monthly
|
| Price: | Par of $30.01
|
| Payout at maturity: | If Halliburton shares finish below trigger price, one Halliburton share; otherwise, par
|
| Initial share price: | $30.01
|
| Trigger price: | $22.5075, or 75% of initial price
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 26
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 46634E585
|
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