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JPMorgan plans 0% buffered return enhanced notes linked to Euro Stoxx 50
By E. Janene Geiss
Philadelphia, Jan. 8 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Jan. 24, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price Jan. 12 and settle Jan. 18.
The payout at maturity will be par plus at least twice any positive return on the index up to a maximum return, which will be determined at pricing and will not be less than 14.3%.
If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.111% for each 1% the index declines beyond 10%.
The ending basket level will be determined by the average closing level on Jan. 14, Jan. 15, Jan. 16, Jan. 17 and Jan. 18, 2008.
J.P. Morgan Securities Inc. will be the agent.
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