Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan Chase to price 0% return enhanced notes linked to Asian index basket
By E. Janene Geiss
Philadelphia, July 23 - JPMorgan Chase & Co. plans to price zero-coupon return enhanced notes due Aug. 8, 2008 linked to a basket of Asian indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Amex Hong Kong 30 with a 16.5% weight, the FTSE/Xinhua China 25 with a 22% weight, the Korea Stock Price Index 200 with a 29.65% weight, the MSCI Singapore with a 10.10% weight and the MSCI Taiwan with a 21.75% weight.
The notes are expected to price July 27 and settle Aug. 1.
The payout at maturity will be par plus triple any index gain, subject to a maximum return that will be at least 22.5% and will be determined at pricing. Investors will be fully exposed to any index decline.
The final index level will be the average of the index's closing levels on July 30, July 31, Aug. 1, Aug. 4 and Aug. 5 of 2008.
J.P. Morgan Securities Inc. will be the agent.
© 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.