New Issue: JPMorgan prices $1.23 million principal-protected notes linked to four currencies

By Angela McDaniels

Tacoma, Wash., April 22 - JPMorgan Chase & Co. priced $1.23 million of zero-coupon principal-protected notes due Oct. 21, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Indian rupee, Mexican peso and New Turkish lira.

The payout at maturity will be par plus 275% of any appreciation in the basket relative to the dollar. Investors will receive at least par.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Principal-protected notes
Underlying currencies:	Brazilian real, Indian rupee, Mexican peso and New Turkish lira, equally weighted
Amount:	$1,234,000
Maturity:	Oct. 21, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 275% of any basket appreciation versus the dollar; floor of par
Initial exchange rates:	59.92 cents per real, 2.505 cents per rupee, 9.572 cents per peso, 75.829 cents per lira
Pricing date:	April 18
Settlement date:	April 23
Agent:	J.P. Morgan Securities Inc.
Fees:	4.5%, including 0.5% 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.