By Toni Weeks
San Diego, July 19 - JPMorgan Chase & Co. priced $5.41 million of 0% trigger autocallable optimization securities due July 19, 2012 linked to Autodesk, Inc. shares, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 21.72% if Autodesk shares close at or above the initial share price on any of 12 monthly observation dates.
The payout at maturity will be par if Autodesk stock finishes at or above the trigger price, 75% of the initial share price.
Otherwise, the payout will be par plus the stock return with exposure to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Autodesk, Inc. (Nasdaq: ADSK)
|
| Amount: | $5,413,740
|
| Maturity: | July 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above trigger price, par; otherwise, par plus stock return, with exposure to losses
|
| Initial price: | $36.15
|
| Trigger price: | $27.11, 75% of initial share price
|
| Call option: | At par plus 21.72% per year if Autodesk shares close at or above initial share price on any of 12 monthly observation dates
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46634X112
|
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