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JPMorgan to price 0% lesser index notes linked to Nikkei 225, S&P 500
By Angela McDaniels
Seattle, April 4 - JPMorgan Chase & Co. plans to price an offering of 0% lesser index principal-protected notes due April 2, 2008 linked to the Nikkei 225 and S&P 500 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on April 5 and settle on April 11.
The payout at maturity will be par plus triple the lesser of the returns on the two indexes, subject to a maximum return that will be at least 11.1% and will be determined at pricing. Investors will receive at least par.
The final index levels will be the average of the indexes' closing levels on March 24, March 25, March 26, March 27 and March 28 of 2008.
J.P. Morgan Securities Inc. will be the agent.
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