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Prospect News home > News index > List of issuers B > Headlines for Boeing Co. > News item |
JPMorgan to price 8.5% reverse exchangeables linked to Boeing
By E. Janene Geiss
Philadelphia, March 10 - JPMorgan Chase & Co. plans to price 8.5% reverse exchangeable notes due March 31, 2009 linked to Boeing Co., according to an FWP filing with the Securities and Exchange Commission.
Investors will receive par unless Boeing stock falls below 80% of the initial share price during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Boeing shares equal to $1,000 divided by the initial share price.
Interest will be payable monthly.
The notes are expected to price March 26 and settle March 31.
J.P. Morgan Securities Inc. will be the agent.
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