By Angela McDaniels
Seattle, April 23 - JPMorgan Chase & Co. priced a $2.5 million issue of zero-coupon 95% principal-protected notes due Jan. 4, 2008 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 $950 per $1,000 principal amount of notes plus triple any gain on the index, subject to a maximum payout of $1,127 per $1,000 principal amount of notes.
The final index level will be the average of the index's levels on Dec. 24, 2007, Dec. 27, 2007, Dec. 28, 2007, Dec. 31, 2007 and Jan. 2, 2008.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | 95% principal-protected senior notes
|
Underlying index: | Dow Jones Euro Stoxx 50
|
Amount: | $2.5 million
|
Maturity: | Jan. 4, 2008
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | $950 plus triple any index gain, capped at $1,127 per $1,000 principal amount of notes
|
Initial index level: | 4,317.35
|
Pricing date: | April 19
|
Settlement date: | April 24
|
Agent: | J.P. Morgan Securities Inc.
|
Agent fees: | None
|
© 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.