By Jennifer Chiou
New York, April 4 - JPMorgan Chase & Co. priced $2.17 million of 0% buffered return enhanced notes due April 8, 2010 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains the iShares Dow Jones U.S. Real Estate index fund with a 60% weight, the SPDR S&P Homebuilders ETF with a 20% weight and the Financial Select Sector SPDR Fund with a 20% weight.
The payout at maturity will be par plus double the basket return, capped at 42%. Investors will receive par for losses up to 15% and will share in losses beyond 15%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying ETNs: | iShares Dow Jones U.S. Real Estate index fund (60% weight), SPDR S&P Homebuilders ETF (20% weight), Financial Select Sector SPDR Fund (20% weight)
|
| Amount: | $2.17 million
|
| Maturity: | April 8, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double the basket return, capped at 42%; investors will receive par for losses up to 15% and will share in losses beyond 15%
|
| Pricing date: | April 2
|
| Settlement date: | April 7
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1%, including 0.1% for selling concessions
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