By Angela McDaniels
Tacoma, Wash., Nov. 30 - JPMorgan Chase & Co. priced $2.23 million of 10% annualized yield optimization notes with contingent protection due Feb. 26, 2010 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the underwriters.
Each note priced at par of $87.32, which is equal to the closing price of Freeport-McMoRan stock on the pricing date.
Interest is payable at maturity.
If the final share price of Freeport-McMoRan stock is greater than or equal to 70% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Freeport-McMoRan share per note.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
|
| Amount: | $2,233,296
|
| Maturity: | Feb. 26, 2010
|
| Coupon: | 10%, payable at maturity
|
| Price: | Par of $87.32
|
| Payout at maturity: | If Freeport-McMoRan shares finish below trigger price, one Freeport-McMoRan share; otherwise, par
|
| Initial share price: | $87.32
|
| Trigger price: | $61.124, 70% of initial price
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 30
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
| Fees: | 0.6%
|
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