New Issue: JPMorgan sells $8.775 million 0% buffered return enhanced notes linked to Asian index basket

By Jennifer Chiou

New York, April 17 - JPMorgan Chase & Co. priced an $8.775 million offering of 0% buffered return enhanced senior unsecured notes due Nov. 9, 2007 linked to an Asian index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Korea Stock Price Index 200 with a 33% weight, MSCI Taiwan with a 25.4% weight, AMEX Hong Kong 30 with an 18% weight, FTSE/Xinhua China 25 with a 14.5% weight and MSCI Singapore with a 9.1% weight.

At maturity, noteholders will receive par plus twice any positive return on the basket, up to a maximum payout of 25%. If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.11% for each 1% decline beyond 10%.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced senior unsecured notes
Underlying indexes:	Korea Stock Price Index 200 (33% weight), MSCI Taiwan (25.4% weight), AMEX Hong Kong 30 (18% weight), FTSE/Xinhua China 25 (14.5% weight), MSCI Singapore (9.1% weight)
Amount:	$8.775 million
Maturity:	Nov. 9, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus twice any return on the basket, capped at 25%; par if the ending basket level declines by 10% or less; holders will lose 1.11% for each 1% basket decline beyond 10%
Pricing date:	April 12
Settlement date:	April 19
Agent:	J.P. Morgan Securities Inc.

© 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.