New Issue: JPMorgan prices $7.1 million 0% return enhanced notes linked to Euro Stoxx 50, FTSE 100

By Jennifer Chiou

New York, July 16 - JPMorgan Chase & Co. priced $7.1 million of zero-coupon return enhanced notes due Aug. 15, 2008 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx 50 with a 66.67% weight and FTSE 100 with a 33.33% weight.

The payout at maturity will be par plus triple any index gain, capped at 20%. Investors will be fully exposed to any index decline.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Return enhanced senior unsecured notes
Underlying basket:	Dow Jones Euro Stoxx 50 (66.67% weight), FTSE 100 (33.33% weight)
Amount:	$7.1 million
Maturity:	Aug. 15, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any positive index return up to a maximum return of 20%; investors share in any losses
Pricing date:	July 12
Settlement date:	July 17
Agent:	J.P. Morgan Securities Inc.
Fees:	1.62%, includes 1% selling concession

© 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.