By Toni Weeks
San Diego, Sept. 16 - JPMorgan Chase & Co. priced $4.9 million of 13.6% trigger yield optimization notes due Sept. 21, 2012 linked to the common stock of Las Vegas Sands Corp., 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 Las Vegas Sands stock.
The payout at maturity will be par unless the final price of Las Vegas Sands stock is less than 65% of the initial share price, in which case investors will receive one Las Vegas Sands 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: | Las Vegas Sands Corp. (NYSE: LVS)
|
| Amount: | $4,899,947.80
|
| Maturity: | Sept. 21, 2012
|
| Coupon: | 13.6%, payable monthly
|
| Price: | Par of $47.54
|
| Payout at maturity: | If final share price is less than trigger price, one Las Vegas Sands share; otherwise, par
|
| Initial share price: | $47.54
|
| Trigger price: | $30.90, 65% of initial price
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.6%
|
| Cusip: | 46636T713
|
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