By Susanna Moon
Chicago, July 15 - JPMorgan Chase & Co. priced $4.05 million of 0% buffered return enhanced notes due Jan. 14, 2010 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain on the index, up to a maximum return of 20%.
Investors will receive par if the index falls by up to 13.35% and will lose 1% for every 1% decline beyond 13.35%, for a minimum payout at maturity of $133.50 per note.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered return enhanced notes
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Underlying index: | MSCI EAFE
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Amount: | $4.05 million
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Maturity: | Jan. 14, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at return of 20%; par if index falls by 13.35% or less; 1% loss for every 1% decline beyond 13.35%
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Initial index level: | 1,874.97
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Pricing date: | July 11
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Settlement date: | July 16
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 1.15%, including 0.1% for selling concessions
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