Published on 1/10/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.15 million 9.85% trigger yield optimization notes linked to SunTrust
By Toni Weeks
San Diego, Jan. 10 - JPMorgan Chase & Co. priced $1.15 million of 9.85% trigger yield optimization notes due Jan. 11, 2013 linked to the common stock of SunTrust Banks, Inc., 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 SunTrust stock.
The payout at maturity will be par unless the final price of SunTrust stock is less than 65% of the initial share price, in which case investors will receive one SunTrust share 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 stock: | SunTrust Banks, Inc. (Symbol: STI)
|
| Amount: | $1,151,563.25
|
| Maturity: | Jan. 11, 2013
|
| Coupon: | 9.85%, payable monthly
|
| Price: | Par of $19.75
|
| Payout at maturity: | If final share price is less than trigger price, one SunTrust share; otherwise, par
|
| Initial share price: | $19.75
|
| Trigger price: | $12.84, 65% of initial price
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126B657
|
© 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.
