Published on 11/29/2007 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $954,000 principal-protected notes linked to index, fund basket
By Jennifer Chiou
New York, Nov. 29 - JPMorgan Chase & Co. priced $954,000 of zero-coupon principal-protected notes due Nov. 30, 2012 linked to a basket of indexes and an index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 with a 50% weight, MSCI EAFE with a 35% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.
The payout at maturity will be par plus any basket gain, capped at 60%. Investors will receive at least par.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Principal-protected notes
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Underlying indexes: | S&P 500 (50% weight), MSCI EAFE (35% weight), iShares MSCI Emerging Markets index fund (15% weight)
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Amount: | $954,000
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Maturity: | Nov. 30, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at 60%; floor of par
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 5.05%, including 3% for selling concessions
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