New Issue: JPMorgan prices $60,000 14% reverse exchangeables linked to Silver Wheaton

New York, July 31 - JPMorgan Chase & Co. priced $60,000 of 14% reverse exchangeable notes due Nov. 1, 2013 linked to Silver Wheaton Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Silver Wheaton shares fall below the protection price of $17.2725, 75% of the initial price of $23.03, during the life of the notes and finish below the initial price in which case the payout will be 43.4216 shares of Silver Wheaton stock.

JPMorgan is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Silver Wheaton Corp. (Symbol: SLW)
Amount:	$60,000
Maturity:	Nov. 1, 2013
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Silver Wheaton shares fall below the protection price of $17.2725, 75% of the initial price, and finish below the initial price, in which case 43.4216 shares of Silver Wheaton stock
Initial price:	$23.03
Protection price:	$17.2725, 75% of $23.03
Exchange ratio:	43.4216
Pricing date:	July 29
Settlement date:	July 31
Agent:	JPMorgan
Cusip:	48126NKL0

© 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.