Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Schlumberger Ltd. > News item |
JPMorgan to price 10.75% reverse exchangeables linked to Schlumberger
By Susanna Moon
Chicago, Jan. 7 - JPMorgan Chase & Co. plans to price an issue of 10.75% reverse exchangeable notes due Jan. 30, 2009 linked to Schlumberger NV stock, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the stock falls by more than the protection amount - 25% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial share price.
The notes will price on Jan. 28 and settle on Jan. 31.
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.