JPMorgan plans principal-protected notes linked to four currencies

By E. Janene Geiss

Philadelphia, May 1 - JPMorgan Chase & Co. plans to price zero-coupon principal-protected notes due Nov. 28, 2008 linked to a basket of four currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket will contain equal weights of the performances against the dollar of the Brazilian real, Indian rupee, Mexican peso and new Turkish lira.

The notes are expected to price May 24 and settle May 30.

The payout at maturity will be par plus any gain on the index multiplied by a participation rate that will be at least 535%. The participation rate will be determined at pricing. Investors will receive at least par.

J.P. Morgan Securities Inc. will be the agent.

© 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.