By Toni Weeks
San Diego, Nov. 22 - JPMorgan Chase & Co. priced $4.44 million of 12.89% trigger yield optimization notes due Nov. 26, 2012 linked to the American Depositary Shares of Rio Tinto plc, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Rio Tinto ADSs.
The payout at maturity will be par unless the final Rio Tinto ADS price is less than 70% of the initial share price, in which case investors will receive one Rio Tinto ADS per note.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger yield optimization notes
|
| Underlying ADSs: | Rio Tinto plc (Symbol: RIO)
|
| Amount: | $4,444,671.81
|
| Maturity: | Nov. 26, 2012
|
| Coupon: | 12.89%, payable monthly
|
| Price: | Par of $51.63
|
| Payout at maturity: | If final share price is less than trigger price, one Rio Tinto share; otherwise, par
|
| Initial share price: | $51.63
|
| Trigger price: | $36.14, 70% of initial price
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46636T119
|
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