By Susanna Moon
Chicago, July 16 - JPMorgan Chase & Co. priced $5 million of zero-coupon return notes due July 23, 2009 linked to the JPMorgan Commodity Curve Index - Aggregate Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus the index return and an additional amount of $22.30.
Investors will be exposed to any index decline, but will receive at least the additional amount of $22.30.
The index is part of a family of 105 single commodity indexes, 21 sector indexes, three energy-light indexes and three aggregate commodity indexes that seek to track exposure to commodity futures contracts with different maturities in proportion to their open interest.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying index: | JPMorgan Commodity Curve Index - Aggregate Excess Return
|
| Amount: | $5 million
|
| Maturity: | July 23, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the index return and an additional amount of $22.30; floor of $22.30
|
| Initial index level: | 368.47803
|
| Pricing date: | July 14
|
| Settlement date: | July 17
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.7%
|
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