By Toni Weeks
San Diego, Sept. 27 - JPMorgan Chase & Co. priced $4.17 million of 12% trigger yield optimization notes due Sept. 28, 2012 linked to the common stock of Apache Corp., according to an FWP filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial price of Apache stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Apache stock is less than 75% of the initial share price, in which case investors will receive one Apache 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: | Apache Corp. (Symbol: APA)
|
| Amount: | $4,167,110.10
|
| Maturity: | Sept. 28, 2012
|
| Coupon: | 12%, payable monthly
|
| Price: | Par of $82.73
|
| Payout at maturity: | If final share price is less than trigger price, one Apache share; otherwise, par
|
| Initial share price: | $82.73
|
| Trigger price: | $62.0475, 75% of initial price
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T572
|
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