Published on 1/26/2010 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $17.06 million return enhanced notes on Oil Service Holdrs trust
By Susanna Moon
Chicago, Jan. 26 - JPMorgan Chase & Co. priced $17.06 million of 0% return enhanced notes due July 23, 2010 based on the Oil Service Holdrs trust depositary receipts, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the depositary receipt price, up to a maximum return of 17.46%.
Investors will be exposed to any losses.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return enhanced notes
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Underlying securities: | Oil Service Holdrs trust depositary receipts
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Amount: | $17,061,000
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Maturity: | July 23, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain, capped at 17.46%; exposure to losses
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Initial price: | $121.65
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Pricing date: | Jan. 22
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Settlement date: | Jan. 27
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 0.5%
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Cusip: | 48124AGC5
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