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JPMorgan to price 0% lesser index notes linked to Euro Stoxx, Nikkei
By Angela McDaniels
Seattle, July 25 - JPMorgan Chase & Co. plans to price 0% lesser index principal-protected notes due Sept. 10, 2008 linked to the Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on July 27 and settle on Aug. 1.
The payout at maturity will be triple the return of the lesser-performing index, subject to a maximum return that will be at least 13.95% and will be determined at pricing. Investors will receive at least par.
The final index levels will be the average of the indexes' closing levels on Sept. 1, Sept. 2, Sept. 3, Sept. 4 and Sept. 5 of 2008.
J.P. Morgan Securities Inc. will be the agent.
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