By Susanna Moon
Chicago, Oct. 31 - JPMorgan Chase & Co. priced $4.02 million of 9.2% trigger yield optimization notes due Oct. 31, 2012 linked to Honeywell International Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial price of Honeywell stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Honeywell stock is less than 75% of the initial share price, in which case investors will receive one Honeywell 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: | Honeywell International Inc. (NYSE: HON)
|
| Amount: | $4,022,375.44
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 9.2%, payable monthly
|
| Price: | Par of $54.07
|
| Payout at maturity: | If final share price is less than trigger price, one Honeywell share; otherwise, par
|
| Initial share price: | $54.07
|
| Trigger price: | $40.55, or 75% of initial price
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T267
|
© 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.
