By Toni Weeks
San Diego, June 24 - JPMorgan Chase & Co. priced $4 million of 9.47% trigger yield optimization notes due June 27, 2012 linked to the common stock of Broadcom 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 Broadcom stock.
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 investors will receive one Broadcom 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: | Broadcom Corp. (Nasdaq: BRCM)
|
| Amount: | $4,003,928.85
|
| Maturity: | June 27, 2012
|
| Coupon: | 9.47%, payable monthly
|
| Price: | Par of $32.15
|
| Payout at maturity: | If final share price is less than trigger price, one Broadcom share; otherwise, par
|
| Initial share price: | $32.15
|
| Trigger price: | $24.11, 75% of initial price
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46634X153
|
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