New Issue: JPMorgan prices $0.121 million 10.00% reverse convertibles linked to Walt Disney

New York, Jan. 29 - JPMorgan Chase & Co. priced $0.121 million of 10.00% reverse convertible notes due Jan. 29, 2010 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Walt Disney shares fall below the protection price of $10.625, 50% of the initial price of $21.25, during the life of the notes and finish below the initial price in which case the payout will be 47.0588 shares of Walt Disney stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Walt Disney Co. (Symbol: DIS)
Amount:	$0.121 million
Maturity:	Jan. 29, 2010
Coupon:	10.00%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Walt Disney shares fall below the protection price of $10.625, 50% of the initial price, and finish below the initial price, in which case 47.0588 shares of Walt Disney stock
Initial price:	$21.25
Protection price:	$10.625, 50% of $21.25
Exchange ratio:	47.0588
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	JPMorgan
Fees:	2.91%

© 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.