Published on 3/16/2009 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $38.27 million return enhanced notes linked to Dow Jones Euro Stoxx 50
By Susanna Moon
Chicago, March 16 - JPMorgan Chase & Co. priced $38.27 million of 0% return enhanced notes due June 17, 2009 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 21%.
Investors will be exposed to any losses.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
|
| Underlying index: | Dow Jones Euro Stoxx 50
|
| Amount: | $38,268,000
|
| Maturity: | June 17, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 21%; exposure to losses
|
| Initial index level: | 1,962.64
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.5%, including 0.25% for selling concessions
|
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