New York, March 16 - JPMorgan Chase & Co. priced $13.271 million of 0% buffered return enhanced note notes due March 31, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 10.3%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%. The minimum payout is $ per $1,000 principal amount.
JPMorgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced note notes
|
| Underlying stock: | S&P 500
|
| Amount: | $13.271 million
|
| Maturity: | March 31, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 10.3%; par if index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial price: | 1149.99
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | JPMorgan Securities Inc.
|
| Fees: | 1%
|
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