By Marisa Wong
Madison, Wis., Dec. 31 - JPMorgan Chase & Co. priced $4.96 million of 8% airbag autocallable yield optimization notes due Jan. 3, 2014 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called if the stock closes at or above the initial price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless Halliburton stock finishes below the 85% conversion level, in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $4,958,000
|
| Maturity: | Jan. 3, 2014
|
| Coupon: | 8%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of shares equal to $1,000 divided by conversion price; otherwise, par
|
| Initial share price: | $34.60
|
| Conversion price: | $29.41, 85% of initial price
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48124B766
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
