By Marisa Wong
Madison, Wis., Aug. 31 - JPMorgan Chase & Co. priced $17.17 million of 10.15% trigger yield optimization notes due Feb. 29, 2012 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., 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 Freeport-McMoRan stock.
The payout at maturity will be par unless the final price of Freeport-McMoRan stock is less than 60% of the initial share price, in which case investors will receive one Freeport-McMoRan 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: | Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
|
| Amount: | $17,170,779.06
|
| Maturity: | Feb. 29, 2012
|
| Coupon: | 10.15%, payable monthly
|
| Price: | Par of $45.81
|
| Payout at maturity: | If final share price is less than trigger price, one Freeport-McMoRan share; otherwise, par
|
| Initial share price: | $45.81
|
| Trigger price: | $27.49, 60% of initial price
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 46636T796
|
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