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JPMorgan to price 0% return enhanced notes linked to Russell 2000
By Angela McDaniels
Seattle, June 8 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due June 26, 2008 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price June 15 and settle June 20.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 19.8%. Investors will be fully exposed to any index decline.
The final index level will be the average of the index's closing levels on June 17, June 18, June 19, June 20 and June 23 of 2008.
J.P. Morgan Securities Inc. will be the agent.
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