Published on 8/15/2006 in the Prospect News Convertibles Daily.
New Issue: JPMorgan prices $3.789 million return enhanced notes linked to S&P 500
By Angela McDaniels
Seattle, Aug. 15 - JPMorgan Chase & Co. priced $3.789 million of 0% return enhanced notes due Aug. 29, 2007 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Noteholders will receive par plus double any positive return on the index, up to a maximum payout of 16.4%. Investors will share in any losses.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return enhanced senior notes
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Underlying index: | S&P 500
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Amount: | $3.789 million
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Maturity: | Aug. 29, 2007
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any positive return on the index, capped at 16.4% payout; full exposure to any decline
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Agent: | J.P. Morgan Securities Inc.
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