New Issue: JPMorgan prices $2.75 million lesser index notes linked to Nikkei 225, Euro Stoxx 50

By Jennifer Chiou

New York, May 9 - JPMorgan Chase & Co. priced a $2.75 million issue of 0% lesser index principal-protected notes due April 11, 2008 linked to the Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple the lesser of the returns on the two indexes, subject to a maximum return of 11.4%. 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 indexes:	Nikkei 225, Dow Jones Euro Stoxx 50
Amount:	$2.75 million
Maturity:	April 11, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple the lesser of the index returns, capped at 11.4%; floor of par
Initial index levels:	17,669.83 for Nikkei 225; 4,441.31 for Dow Jones Euro Stoxx 50
Pricing date:	May 7
Settlement date:	May 10
Agent:	J.P. Morgan Securities Inc.
Fees:	1.05%, including 0.525% 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.