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JPMorgan to price 0% buffered return enhanced notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, May 25 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 12, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on June 1 and settle on June 6.
The payout at maturity will be double any gain on the index, capped at 14.5%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline in the index beyond 10%.
J.P. Morgan Securities Inc. will be the agent.
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