By Susanna Moon
Chicago, Sept. 29 - JPMorgan Chase & Co. priced $12.1 million of 0% autocallable optimization securities with contingent protection due Oct. 3, 2011 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes above its initial share price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 14.25%.
If the final price of Hewlett-Packard shares is at least 80% of the initial share price, the payout at maturity will be par.
Otherwise, investors will receive par plus the share price return.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying stock: | Hewlett-Packard Co. (NYSE: HPQ)
|
| Amount: | $12,104,750
|
| Maturity: | Oct. 3, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if HP shares finish at or above trigger price; otherwise, par plus share price return
|
| Call: | At par plus annualized return of 14.25% if shares close at or above the initial price on any of 12 monthly observation dates
|
| Initial share price: | $41.26
|
| Trigger price: | $33.01, or 80% of initial price
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46634X799
|
© 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.
