New Issue: JPMorgan prices $370,000 12% reverse exchangeables linked to 3D Systems

New York, Feb. 12 - JPMorgan Chase & Co. priced $370,000 of 12% reverse exchangeable notes due May 15, 2014 linked to 3D Systems Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless 3D Systems shares fall below the protection price of $49.8576, 68% of the initial price of $73.32, during the life of the notes and finish below the initial price in which case the payout will be 13.6388 shares of 3D Systems stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	3D Systems Corp. (Symbol: DDD)
Amount:	$370,000
Maturity:	May 15, 2014
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless 3D Systems shares fall below the protection price of $49.8576, 68% of the initial price, and finish below the initial price, in which case 13.6388 shares of 3D Systems stock
Initial price:	$73.32
Protection price:	$49.8576, 68% of $73.32
Exchange ratio:	13.6388
Pricing date:	Feb. 10
Settlement date:	Feb. 13
Agent:	JPMorgan
Fees:	1.75%
Cusip:	48126N2E6

© 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.