By Marisa Wong
Madison, Wis., Aug. 24 - JPMorgan Chase & Co. priced $5.55 million of 9.5% trigger yield optimization notes due Aug. 24, 2012 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is equal to the initial price of FedEx stock.
The payout at maturity will be par unless the final price of FedEx stock is less than 80% of the initial share price, in which case investors will receive one FedEx 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: | FedEx Corp. (NYSE: FDX)
|
| Amount: | $5,546,991.20
|
| Maturity: | Aug. 24, 2012
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par of $73.16
|
| Payout at maturity: | If final share price is less than trigger price, one FedEx share; otherwise, par
|
| Initial share price: | $73.16
|
| Trigger price: | $58.53, 80% of initial price
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 24
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T861
|
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