By Marisa Wong
Madison, Wis., Nov. 30 - JPMorgan Chase & Co. priced $1.89 million of 10.15% trigger yield optimization notes due Nov. 30, 2012 linked to the common stock of Emerson Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of Emerson Electric stock.
The payout at maturity will be par unless the final share price is less than 75% of the initial share price, in which case investors will receive one Emerson Electric 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: | Emerson Electric Co.
|
| Amount: | $1,890,907.20
|
| Maturity: | Nov. 30, 2012
|
| Coupon: | 10.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than trigger price, in which case one Emerson Electric share per note
|
| Initial price: | $49.14
|
| Trigger price: | $36.86, 75% of initial price
|
| Pricing date: | Nov. 28
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126B509
|
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