New Issue: JPMorgan prices $460,000 return enhanced notes linked to silver

By Angela McDaniels

Seattle, Nov. 27 - JPMorgan Chase & Co. priced a $460,000 issue of 0% return enhanced notes due Dec. 27, 2007 linked to silver, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus three times the appreciation of the fixing level of silver up to a maximum return of 48.75%. Investors will be fully exposed to any decline in the level of silver.

Issuer:	JPMorgan Chase & Co.
Issue:	Return enhanced senior unsecured notes
Underlying commodity:	Silver
Amount:	$460,000
Maturity:	Dec. 27, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any appreciation in the fixing level of silver; full exposure to any decline
Initial silver level:	1,307 cents per troy ounce
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Agent:	J.P. Morgan Securities Inc.
Agent fees:	2.25% total: 1.25% to JPMorgan, 1% to affiliated dealers

© 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.