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Prospect News home > News index > List of issuers H > Headlines for Halliburton Co. > News item |
JPMorgan to price 9.5% reverse convertibles linked to Halliburton
New York, April 6 - JPMorgan Chase & Co. plans to price 9.5% reverse convertible notes due April 27, 2012 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Halliburton 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 Halliburton shares equal to $1,000 divided by the initial price.
The notes are expected to price on April 26 and settle on April 29.
JPMorgan is the agent.
The Cusip number is 48125XML7.
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