Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan to price 10.75%-13.25% yield optimization notes tied to Consol Energy via UBS
By Marisa Wong
Milwaukee, March 31 - JPMorgan Chase & Co. plans to price yield optimization notes with contingent protection due April 14, 2011 linked to the common stock of Consol Energy Inc., according to an FWP filing with the Securities and Exchange Commission.
The coupon will be 10.75% to 13.25% per year, payable monthly. The exact rate will be set at pricing.
If the final share price of Consol Energy stock is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Consol Energy share per note.
The notes are expected to price April 8 and settle April 13.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.
© 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.