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JPMorgan to price 0% lesser index notes linked to Nikkei, Euro Stoxx
By E. Janene Geiss
Philadelphia, June 4 - JPMorgan Chase & Co. plans to price 0% lesser index principal-protected notes due April 11, 2008 linked to the Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price June 4 and settle June 7.
The payout at maturity will be triple the lesser of the returns on the two indexes, subject to a maximum return that will be at least 9.9% and will be determined at pricing. Investors will receive at least par.
The final index levels will be the average of the indexes' closing levels on April 2, April 3, April 4, April 7 and April 8 of 2008.
J.P. Morgan Securities Inc. will be the agent.
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