New Issue: JPMorgan sells $3.6 million principal-protected notes linked to Home Depot

By Jennifer Chiou

New York, June 29 - JPMorgan Chase & Co. sold $3.6 million of 0% principal-protected senior notes due June 28, 2011 linked to The Home Depot, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, the notes pay out the greater of par in cash or cash equal to par times the final share price divided by the product of the initial share price and the exchange factor of 119.5%. Investors will receive at least par.

Issuer:	JPMorgan Chase & Co.
Issue:	Principal-protected senior notes
Underlying stock:	The Home Depot, Inc.
Amount:	$3.6 million
Maturity:	June 28, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Greater of par in cash or cash equal to par times the final share price divided by the product of the initial share price and the exchange factor of 119.5%, floor of par
Initial price:	$36.37
Agent:	JPMorgan
Pricing date:	June 27
Settlement date:	June 30

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