Published on 10/3/2008 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $17.1 million return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Oct. 3 - JPMorgan Chase & Co. priced $17.1 million of 0% return enhanced notes due Oct. 15, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any index gain, up to a maximum return of 21%. Investors will be exposed to any losses.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $17,095,000
|
| Maturity: | Oct. 15, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 21%; exposure to any losses
|
| Initial index level: | 1,161.06
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 6
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1.5%, including 0.75% for selling concessions
|
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