JPMorgan to price 10% reverse exchangeables linked to Comcast

By Jennifer Chiou

New York, Aug. 11 - JPMorgan Chase & Co. plans to price 10% annualized reverse exchangeable notes due Feb. 27, 2009 linked to the common stock of Comcast Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Comcast stock falls by more than 20% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Comcast shares equal to $1,000 divided by the initial share price or, at JPMorgan's option, the value of those shares in cash.

The notes are expected to price on Aug. 26 and settle on Aug. 29.

J.P. Morgan Securities Inc. will be the agent.

© 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.