By Angela McDaniels
Tacoma, Wash., July 29 - JPMorgan Chase & Co. priced $10.79 million of 0% trigger autocallable optimization securities due July 27, 2012 linked to the common stock of Mosaic Co., according to a 424B2 filing with the Securities and Exchange Commission.
If Mosaic shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call premium of 23.18%.
If the notes are not called and the final share price is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in the decline from the initial 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: | Mosaic Co. (NYSE: MOS)
|
| Amount: | $10,789,340
|
| Maturity: | July 27, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, full exposure to share price decline
|
| Call: | At par plus 23.18% per year if shares close at or above initial share price on any monthly observation date
|
| Initial share price: | $70.64
|
| Trigger price: | $52.98, 75% of initial share price
|
| Pricing date: | July 27
|
| Settlement date: | July 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46636T606
|
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