Published on 2/7/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.11 million trigger autocallables linked to SanDisk
By Jennifer Chiou
New York, Feb. 7 - JPMorgan Chase & Co. priced $1,107,670 of 0% trigger autocallable optimization securities due Feb. 7, 2013 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If SanDisk shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call return of 18.5%.
If the notes are not called and the final share price is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | SanDisk Corp. (NYSE: SNDK)
|
| Amount: | $1,107,670
|
| Maturity: | Feb. 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, exposure to losses
|
| Initial share price: | $47.545
|
| Trigger price: | $35.66, 75% of initial price
|
| Call option: | At par plus 18.5% per year if SanDisk shares close at or above initial price on a monthly observation date
|
| Pricing date: | Feb. 3
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| Settlement date: | Feb. 8
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48126B392
|
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