E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Issue:Principal-protected notes
Underlying indexes:S&P 500 (50% weight), MSCI EAFE (35% weight), iShares MSCI Emerging Markets index fund (15% weight)
Amount:$954,000
Maturity:Nov. 30, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain, capped at 60%; floor of par
Pricing date:Nov. 27
Settlement date:Nov. 30
Agent:J.P. Morgan Securities Inc.
Fees:5.05%, including 3% 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.