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JPMorgan plans 0% principal-protected notes linked to currency basket
By Jennifer Chiou
New York, Jan. 3 - JPMorgan Chase & Co. plans to price an issue of 0% principal-protected notes due July 31, 2008 linked to a basket of four currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies include equal weights of the Indian rupee, New Turkish lire, Brazilian real and Mexican peso.
The pricing date is expected to be Jan. 26 with settlement on Jan. 31.
The payout at maturity will be par plus at least 450% of any basket gain. Investors will receive at least par.
J.P. Morgan Securities Inc. will be agent for the offering.
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