JPMorgan plans 0% buffered return enhanced notes linked to Euro Stoxx 50

By Laura Lutz

Des Moines, Aug. 2 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Aug. 15, 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 Aug. 3 and settle Aug. 8.

The payout at maturity will be par plus twice any positive return on the index up to a maximum return of 19.4%.

If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.1111% for each 1% the index declines beyond 10%.

The ending index level will be equal to its average closing level over the five trading days ending Aug. 12, 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.