New Issue: JPMorgan prices $0.284 million 10% reverse exchangeable notes linked to Caterpillar

By Jennifer Chiou

New York, June 27 - JPMorgan Chase & Co. priced a $0.284 million issue of 10% reverse exchangeable notes due June 28, 2007 linked to the Caterpillar Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

Noteholders will receive par unless the final share price of Caterpillar stock is less than the initial price and it falls below the protection amount during the life of the notes, in which case 13.86 Caterpillar shares. The protection amount is $57.71, 80% of the initial share price.

Investors will share in any losses.

Issuer:	JPMorgan Chase & Co.
Issue:	Reverse exchangeable notes
Underlying stock:	Caterpillar Inc.
Amount:	$0.284 million
Maturity:	June 28, 2007
Coupon:	10%
Price:	Par
Payout at maturity:	Par unless the final share price of Caterpillar stock is less than the initial price and it falls below $57.71, the protection amount, during the life of the notes, in which case 13.86 Caterpillar shares
Initial price:	$72.14
Protection amount:	$57.71, 80% of the initial share price
Agent:	JPMorgan
Pricing date:	June 23
Settlement date:	June 28

© 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.