By Angela McDaniels
Tacoma, Wash., April 20 - JPMorgan Chase & Co. priced $3.62 million of 10% yield optimization notes with contingent protection due April 21, 2011 linked to the common stock of Potash Corp. of Saskatchewan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $107.80, which was the closing price of PotashCorp stock on the pricing date.
Interest is payable monthly.
The payout at maturity will be par unless the final price of PotashCorp stock is less than 80% of the initial share price, in which case investors will receive one PotashCorp share per note.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Potash Corp. of Saskatchewan Inc. (NYSE: POT)
|
| Amount: | $3,624,667.20
|
| Maturity: | April 21, 2011
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $107.80
|
| Payout at maturity: | If final price of PotashCorp stock is not below trigger price, par; otherwise, one PotashCorp share per note
|
| Initial share price: | $107.80
|
| Trigger price: | $86.24, 80% of initial share price
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 46634E460
|
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