By Marisa Wong
Madison, Wis., Nov. 8 - JPMorgan Chase & Co. priced $7.6 million of 10.5% yield optimization notes with contingent protection due Nov. 10, 2011 linked the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $40.35, which is equal to the closing price of SanDisk stock on the pricing date.
The payout at maturity will be par unless the stock finishes below $30.26, 75% of the initial share price, in which case the payout will be one share of SanDisk stock per note.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | SanDisk Corp. (Nasdaq: SNDK)
|
| Amount: | $7,599,519
|
| Maturity: | Nov. 10, 2011
|
| Coupon: | 10.5%, payable monthly
|
| Price: | Par of $40.35
|
| Payout at maturity: | If final share price is less than trigger price, one SanDisk share; otherwise, par
|
| Initial share price: | $40.35
|
| Trigger price: | $30.26, 75% of initial price
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 10
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46634X716
|
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