New Issue: JPMorgan prices $0.2 million 10% reverse convertibles linked to Boeing

New York, July 30 - JPMorgan Chase & Co. priced $0.205 million of 10% reverse convertible notes due July 30, 2010 linked to Boeing Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Boeing shares fall below the protection price, 70% of the initial price of $43.25, during the life of the notes and finish below the initial price in which case the payout will be Boeing shares equal to $1,000 principal amount divided by the initial price.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse convertible notes
Underlying stock:	Boeing Co. (Symbol: BA)
Amount:	$0.205 million
Maturity:	July 30, 2010
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Boeing shares fall below the protection price, 70% of the initial price, and finish below the initial price, in which case Boeing shares equal to $1,000 principal amount divided by the initial price
Initial price:	$43.25
Protection price:	70% of $43.25
Pricing date:	July 28
Settlement date:	July 31
Agent:	JPMorgan
Fees:	3.05%

© 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.