By Angela McDaniels
Tacoma, Wash., March 17 - JPMorgan Chase & Co. priced $4.92 million of 10% yield optimization notes with contingent protection due March 19, 2012 linked to the American Depositary Shares of Barclays plc, according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $21.20, which is equal to the closing price of Barclays ADSs on the pricing date.
Interest is payable monthly.
If the final price of Barclays ADSs is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Barclays ADS per note.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Barclays plc (NYSE: BCS)
|
| Amount: | $4,916,619
|
| Maturity: | March 19, 2012
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $21.20
|
| Payout at maturity: | If Barclays ADSs finish below trigger price, one Barclays ADS; otherwise, par
|
| Initial ADS price: | $21.20
|
| Trigger price: | $15.90, 75% of initial price
|
| Pricing date: | March 15
|
| Settlement date: | March 19
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
| Fees: | 2.75%
|
| Cusip: | 46634E528
|
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