Published on 11/14/2007 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $10.88 million notes tied to basket with buffered return enhanced components
By Jennifer Chiou
New York, Nov. 14 - JPMorgan Chase & Co. priced a $10.88 million issue of 0% notes due Nov. 21, 2008 linked to an index basket of buffered return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones Euro Stoxx 50 with a 45% weight, double leverage and a maximum return of 17.7%; the FTSE 100 with a 30% weight, double leverage and a maximum return of 17.5%; and the Nikkei 225 with a 25% weight, double leverage and a maximum return of 22.4%.
For each component, if the final level is at least the initial level, the payout at maturity will be par plus any gain. If the component loses up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% the component drops beyond 10%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes linked to basket with buffered return enhanced components
|
| Underlying indexes: | Dow Jones Euro Stoxx 50 (45% weight), FTSE 100 (30% weight), Nikkei 225 (25% weight)
|
| Amount: | $10,875,000
|
| Maturity: | Nov. 21, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain for each component; par if component loses up to 10%; investors will lose 1.1111% for each 1% the component drops beyond 10%; double leverage for all components; Dow Jones Euro Stoxx 50 with a maximum return of 17.7%, the FTSE 100 with a maximum return of 17.5%, the Nikkei 225 with a maximum return of 22.4%
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 15
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1.49%, including 0.745% 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.
