Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Walt Disney Co. > News item |
JPMorgan plans 15% reverse exchangeables linked to Disney
By E. Janene Geiss
Philadelphia, Oct. 16 - JPMorgan Chase & Co. plans to price 15% annualized reverse exchangeable notes due Jan. 30, 2009 linked to the common stock of the Walt Disney Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par unless the closing price of Disney stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Disney shares equal to $1,000 divided by the initial share price or, at JPMorgan's option, the value of those shares in cash.
The notes are expected to price on Oct. 28 and settle on Oct. 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.