New Issue: JPMorgan prices $3.41 million buffered return enhanced notes linked to S&P 500, Nasdaq 100

By Angela McDaniels

Seattle, Oct. 24 - JPMorgan Chase & Co. priced $3.41 million of 0% buffered return enhanced notes due Nov. 25, 2008 linked to a basket containing equal weights of the S&P 500 and Nasdaq 100 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any basket gain, subject to a maximum return of 13.95%. Investors will receive par if the basket declines by 15% or less and will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying indexes:	S&P 500, Nasdaq 100
Amount:	$3,412,000
Maturity:	Nov. 25, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, subject to 13.95% maximum return; par if basket falls by 15% or less; 1% loss for each 1% decline beyond 15%
Initial index levels:	1,506.33 for S&P 500; 2,157.45 for Nasdaq 100
Pricing date:	Oct. 22
Settlement date:	Oct. 25
Agent:	J.P. Morgan Securities Inc.
Fees:	1%, including 0.1% for selling concessions

© 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.