By Angela McDaniels
Seattle, Dec. 5 - JPMorgan Chase & Co. priced a $3.73 million issue of 0% buffered return enhanced notes due Dec. 12, 2007 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 twice any positive return on the index up to a maximum return of 15.3%.
If the final index level declines by 10% or less, the payout will be par. Investors will lose 1.1111% for each 1% decline beyond 10%.
The final index level will be the average of the closing index level on Dec. 3, Dec. 4, Dec. 5, Dec. 6 and Dec. 7 of 2007.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered return enhanced notes
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Underlying index: | Dow Jones Euro Stoxx 50
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Amount: | $3.73 million
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Maturity: | Dec. 12, 2007
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any positive index return up to a 15.3% return; par if final index level declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
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Initial index level: | 3,932.09
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Agent: | J.P. Morgan Securities Inc.
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Agent fees: | 1.42% total; 0.71% to J.P. Morgan and 0.71% to affiliated dealers
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