By Laura Lutz
Des Moines, April 15 - JPMorgan Chase & Co. priced $14.83 million of 0% buffered return enhanced notes due April 24, 2009 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Amex Hong Kong 30 index with a 16.5% weight, the FTSE/Xinhua China 25 index with a 28% weight, the Korea Stock Price Index 200 with a 26.5% weight, the MSCI Singapore index with an 8% weight and the MSCI Taiwan index with a 21% weight.
If the final basket level is at least the initial level, the payout at maturity will be par plus 200% of any basket gain, subject to a maximum payout equal to 121.6% of par.
If the basket declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% that the basket declines beyond 10%.
The final basket level will be the average of its closing levels on the five trading days ending April 21, 2009.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | Amex Hong Kong 30 with 16.5% weight, FTSE/Xinhua China 25 with 28% weight, Korea Stock Price 200 with 26.5% weight, MSCI Singapore with 8% weight and MSCI Taiwan with 21% weight
|
| Amount: | $14,825,000
|
| Maturity: | April 24, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at payout equal to 121.6% of par; par if basket declines by up to 10%; investors lose 1.1111% for each 1% that basket declines beyond 10%
|
| Initial levels: | 1,283.03 for Amex Hong Kong 30; 21,906.27 for FTSE/Xinhua China 25; 228.80 for Kospi 200; 389.38 for MSCI Singapore; 343.56 for MSCI Taiwan
|
| Final level: | Average of closing levels on five trading days ending April 21, 2009
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1.45%
|
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