By Jennifer Chiou
New York, Dec. 13 - JPMorgan Chase & Co. priced $1.76 million of 9.94% trigger yield optimization notes due Dec. 14, 2012 linked to the American Depositary Shares of Siemens AG, 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 Siemens ADSs.
The payout at maturity will be par unless the final price of Siemens ADSs is less than 75% of the initial ADS price, in which case investors will receive one Siemens ADS 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 ADS: | Siemens Corp. (NYSE: NOK)
|
| Amount: | $1,762,518
|
| Maturity: | Dec. 14, 2012
|
| Coupon: | 9.94%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final price of Siemens ADSs is less than trigger price, in which case one Siemens ADS per note
|
| Initial price: | $100.20
|
| Trigger price: | $75.15, 75% of initial price
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126B780
|
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