New Issue: JPMorgan prices $1.13 million 8% airbag yield optimization notes linked to Goldcorp

By Toni Weeks

San Luis Obispo, Calif., Nov. 12 - JPMorgan Chase & Co. priced $1.13 million of 8% annualized airbag yield optimization notes due May 14, 2014 linked to the common stock of Goldcorp Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Goldcorp shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.

Issuer:	JPMorgan Chase & Co.
Issue:	Airbag yield optimization notes
Underlying stock:	Goldcorp Inc. (Symbol: GG)
Amount:	$1,133,000
Maturity:	May 14, 2014
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, 47.8927 Goldcorp shares per $1,000 note; otherwise, par
Initial share price:	$24.57
Conversion price:	$20.88, 85% of initial share price
Pricing date:	Nov. 8
Settlement date:	Nov. 13
Underwriters:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48127A849

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