New Issue: JPMorgan prices $1.175 million lesser index notes linked to Nikkei 225, S&P 500

By Jennifer Chiou

New York, April 9 - JPMorgan Chase & Co. priced a $1.175 million issue of lesser index principal-protected notes due April 2, 2008 linked to the Nikkei 225 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive par plus triple the lesser of the returns on the two indexes. The payout will be capped at 11.1%.

Investors will receive at least par.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Lesser index principal protected notes
Underlying index:	Nikkei 225 index, S&P 500 index
Amount:	$1.175 million
Maturity:	April 2, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple the lesser of the returns on the two indexes, capped at 11.1% return, floor of par
Initial index level:	17,491.42 for Nikkei 225; 1,443.76 for S&P 500
Pricing date:	April 5
Settlement date:	April 11
Agent:	J.P. Morgan Securities Inc.
Fees:	1.24% total, including 0.62% for selling concessions

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.