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JPMorgan to price 0% lesser index principal-protected notes linked to Euro Stoxx, Nikkei
By Angela McDaniels
Seattle, March 19 - JPMorgan Chase & Co. plans to price an offering of 0% lesser index principal-protected notes due March 20, 2008 linked to the Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes will price on March 20 and settle on March 23.
The payout at maturity will be par plus triple the lesser of the returns on the two indexes, subject to a maximum return that will be at least 11.85% and will be determined at pricing. Investors will receive at least par.
The ending index returns will be calculated using the average of the indexes' closing levels on March 11, March 12, March 13, March 14 and March 17 of 2008.
J.P. Morgan Securities Inc. will be the agent.
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