Published on 1/26/2010 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $17.06 million return enhanced notes on Oil Service Holdrs trust
By Susanna Moon
Chicago, Jan. 26 - JPMorgan Chase & Co. priced $17.06 million of 0% return enhanced notes due July 23, 2010 based on the Oil Service Holdrs trust depositary receipts, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the depositary receipt price, up to a maximum return of 17.46%.
Investors will be exposed to any losses.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
|
| Underlying securities: | Oil Service Holdrs trust depositary receipts
|
| Amount: | $17,061,000
|
| Maturity: | July 23, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain, capped at 17.46%; exposure to losses
|
| Initial price: | $121.65
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.5%
|
| Cusip: | 48124AGC5
|
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