By Susanna Moon
Chicago, Dec. 30 - JPMorgan Chase & Co. priced $16.68 million of 0% autocallable optimization securities with contingent protection due Jan. 6, 2012 based on Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Halliburton stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 18.6%.
The payout at maturity will be par if Halliburton stock finishes at or above 75% of the initial share price.
Otherwise, investors will receive par plus the stock return.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $16,676,120
|
| Maturity: | Jan. 6, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if final share price is greater than or equal to trigger price; otherwise, par plus stock return
|
| Call option: | At par plus annualized 18.6% if Halliburton stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $40.69
|
| Trigger price: | $30.52, 75% of initial price
|
| Pricing date: | Dec. 29
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46634X583
|
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