By Toni Weeks
San Diego, Nov. 22 - JPMorgan Chase & Co. priced $3.68 million of 12.81% trigger yield optimization notes due Nov. 26, 2012 linked to the common stock of Baker Hughes Inc., 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 Baker Hughes stock.
The payout at maturity will be par unless the final price of Baker Hughes stock is less than 70% of the initial share price, in which case investors will receive one Baker Hughes 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: | Baker Hughes Inc. (NYSE: BHI)
|
| Amount: | $3,676,156.70
|
| Maturity: | Nov. 26, 2012
|
| Coupon: | 12.81%, payable monthly
|
| Price: | Par of $54.05
|
| Payout at maturity: | If final share price is less than trigger price, one Baker Hughes share; otherwise, par
|
| Initial share price: | $54.05
|
| Trigger price: | $37.84, 70% of initial price
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T143
|
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