JPMorgan plans 7%-10% trigger yield optimization notes tied to Apple

By Susanna Moon

Chicago, Sept. 23 - JPMorgan Chase & Co. plans to price 7% to 10% trigger yield optimization notes due Sept. 30, 2012 linked to Apple Inc. shares, according to an FWP with the Securities and Exchange Commission.

The face amount of each note will be equal to the initial share price of Apple stock.

Interest will be payable monthly.

The payout at maturity will be par in cash unless the final price of Apple stock is less than 80% of the initial share price, in which case investors will receive one Apple share per note.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on Sept. 28 and settle on Sept. 30.

The Cusip is 46636T515.

© 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.