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JPMorgan to price 19% reverse convertibles linked to BlackBerry
New York, Sept. 13 - JPMorgan Chase & Co. plans to price 19% reverse convertible notes due Dec. 31, 2013 linked to BlackBerry Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless BlackBerry shares fall below 65% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of BlackBerry shares equal to $1,000 divided by the initial price.
The notes are expected to price on Sept. 26 and settle on Sept. 30.
JPMorgan is the agent.
The Cusip number is 48126NRV1.
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