Published on 4/29/2008 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.08 million 0% return enhanced notes linked to Nasdaq 100
By Susanna Moon
Chicago, April 29 - JPMorgan Chase & Co. priced $1.08 million of 0% return enhanced notes due May 8, 2009 linked to the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any index gain, capped at 22.75%. Investors will be fully exposed to any index decline.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
|
| Underlying index: | Nasdaq 100
|
| Amount: | $1,075,000
|
| Maturity: | May 8, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 22.75%; full exposure to any index decline
|
| Initial index level: | 1,918.58
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1.488%, including 1% for selling concessions
|
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