By Laura Lutz
Des Moines, Sept. 27 - JPMorgan Chase & Co. priced a $1.42 million issue of 0% buffered return enhanced notes due Sept. 30, 2010 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Dow Jones Euro Stoxx 50 index, the S&P 500 index and the Nikkei 225 index.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 117% of any gain on the basket.
If the basket loses up to 10%, the payout will be par. Investors will lose 1% for each 1% that the basket drops beyond 10%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | Equal weights of the Dow Jones Euro Stoxx 50, S&P 500 and Nikkei 225
|
| Amount: | $1.42 million
|
| Maturity: | Sept. 30, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is at least initial level, par plus 117% of any basket gain; par if the basket loses up to 10%; share in losses at 1% per 1% drop beyond 10%
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 4.42%, including between 2% and 2.25% for selling concessions
|
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