Published on 2/28/2007 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $59,000 principal-protected notes linked to Nikkei, Euro Stoxx
By E. Janene Geiss
Philadelphia, Feb. 28 - JPMorgan Chase & Co. priced a $59,000 issue of zero-coupon principal-protected notes due Aug. 31, 2010 linked to the Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any positive return on the index basket. Investors will receive at least par.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Principal-protected senior notes
|
| Underlying indexes: | Nikkei 225 and Dow Jones Euro Stoxx 50, equally weighted
|
| Amount: | $59,000
|
| Maturity: | Aug. 31, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any positive basket return; floor of par
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2.75%, includes 0.5% for selling concessions
|
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