By Jennifer Chiou
New York, May 28 - JPMorgan Chase & Co. priced $4 million of 0% return optimization securities due Nov. 30, 2010 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and J.P. Morgan Securities Inc. are the underwriters.
The payout at maturity will be par of $10 plus double any positive return on the fund, subject to a maximum return of 30%.
Investors will share in any losses.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Return optimization securities
|
Underlying index: | iShares MSCI EAFE index fund
|
Amount: | $4 million
|
Maturity: | Nov. 30, 2010
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus double any positive return on the fund, up to maximum return of 30%; investors share in losses
|
Initial fund level: | $46.96
|
Pricing date: | May 26
|
Settlement date: | May 30
|
Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities Inc.
|
Fees: | 1.75%
|
© 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.