New Issue: JPMorgan prices $25 million return enhanced notes linked to Euro Stoxx

By Angela McDaniels

Seattle, Jan. 17 - JPMorgan Chase & Co. priced a $25,009,000 offering of 0% buffered return enhanced notes due Jan. 24, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any positive return on the index up to a maximum return of 15%.

If the index declines by 10% or less, the payout will be par. Investors will lose 1.1111% for each 1% decline in the index beyond 10%.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced senior unsecured notes
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$25,009,000
Maturity:	Jan. 24, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any positive index return, capped at 15%; par if the index declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
Initial index level:	4,174.8
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	J.P. Morgan Securities Inc.
Agent fees:	1.46% total, including 0.73% for selling concessions

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.