By Marisa Wong
Madison, Wis., Aug. 24 - JPMorgan Chase & Co. priced $1.84 million of 10% trigger yield optimization notes due Aug. 24, 2012 linked to the common stock of Barrick Gold Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial price of Barrick Gold stock.
The payout at maturity will be par unless the final price of Barrick Gold stock is less than 80% of the initial share price, in which case investors will receive one Barrick Gold 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: | Barrick Gold Corp. (NYSE: ABX)
|
| Amount: | $1,835,544.66
|
| Maturity: | Aug. 24, 2012
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $50.78
|
| Payout at maturity: | If final share price is less than trigger price, one Barrick Gold share; otherwise, par
|
| Initial share price: | $50.78
|
| Trigger price: | $40.62, 80% of initial price
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 24
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T879
|
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