By Angela McDaniels
Tacoma, Wash., Oct. 11 - JPMorgan Chase & Co. changed the size of its 0% trigger autocallable optimization securities due Sept. 27, 2012 linked to the common stock of Cummins Inc. to $17.1 million, according to an amended 424B8 filing with the Securities and Exchange Commission.
The original filing listed the issue size as $17.07 million. The deal priced Sept. 23.
As previously reported, the notes will be called at par of $10 plus an annualized call return of 32.17% if Cummins stock closes at or above the initial share price on any of 12 monthly observation dates.
If the notes are not called and the final share price is at least 50% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline from the initial share price to the final share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Cummins Inc. (NYSE: CMI)
|
| Amount: | $17,096,500
|
| Maturity: | Sept. 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If Cummins shares finish at or above trigger price, par; otherwise, par plus stock return
|
| Call: | At par plus premium of 32.17% per year if Cummins stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $86.26
|
| Trigger price: | $43.13, 50% of initial share price
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46636T564
|
© 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.
