Published on 9/29/2008 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $453,000 principal-protected notes linked to three indexes
By Susanna Moon
Chicago, Sept. 29 - JPMorgan Chase & Co. priced $453,000 of zero-coupon principal-protected notes due Sept. 30, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, Dow Jones Euro Stoxx 50 index with a 20% weight, Nikkei 225 index with a 20% weight and S&P GSCI Excess Return index with a 20% weight.
Payout at maturity will be par plus 111.5% of any basket gain. Investors will receive at least par.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Principal-protected notes
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Underlying indexes: | S&P 500 index (40% weight), Dow Jones Euro Stoxx 50 index (20% weight), Nikkei 225 index (20% weight) and S&P GSCI Excess Return index (20% weight)
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Amount: | $453,000
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Maturity: | Sept. 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 111.5% of any basket gain; floor of par
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 2.49%, including 0.1% for selling concessions
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