By Jennifer Chiou
New York, Sept. 20 - JPMorgan Chase & Co. priced $3 million of 9.5% annualized yield optimization notes with contingent protection due March 22, 2011 linked to the class A common stock of Broadcom Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $35.35, which is equal to the closing price of Broadcom stock on the pricing date.
The payout at maturity will be par unless the final price of Broadcom stock is less than 75% of the initial share price, in which case the payout will be one share of Broadcom stock.
UBS Financial Services Inc. and J.P. Morgan are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Broadcom Corp. class A shares (Symbol: BRCM)
|
| Amount: | $3,000,932.20
|
| Maturity: | March 22, 2011
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par of $35.35
|
| Payout at maturity: | If final share price is less than trigger price, one Broadcom share; otherwise, par
|
| Initial share price: | $35.35
|
| Trigger price: | $26.51, 75% of initial price
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan
|
| Fees: | 1%
|
| Cusip: | 46634X880
|
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