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JPMorgan to price 10% reverse convertibles linked to Hasbro
New York, Dec. 8 - JPMorgan Chase & Co. plans to price 10% reverse convertible notes due June 29, 2012 linked to Hasbro, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Hasbro shares fall below 75% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Hasbro shares equal to $1,000 divided by the initial price.
The notes are expected to price on Dec. 27 and settle on Dec. 30.
JPMorgan is the agent.
The Cusip number is 48125VFP0.
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