Published on 3/30/2010 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.1 million buffered return enhanced notes linked to iShares MSCI EAFE
By Marisa Wong
Milwaukee, March 30 - JPMorgan Chase & Co. priced $2.1 million of 0% buffered return enhanced notes due Sept. 30, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index fund gain, up to a maximum return of 23%. Investors will receive par if the fund share price falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
JPMorgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered return enhanced notes
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Underlying index fund: | iShares MSCI EAFE
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Amount: | $2,104,000
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Maturity: | Sept. 30, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, capped at 23%; par if fund share price declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial price: | $55.51
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | JPMorgan Securities Inc.
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Fees: | 1.68%
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Cusip: | 48124AJM0
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