By Laura Lutz
Des Moines, May 22 - JPMorgan Chase & Co. priced an $8.82 million issue of 0% buffered return enhanced notes due Nov. 26, 2008 linked to a basket of five Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Amex Hong Kong 30 index with a weight of 17%, the FTSE/Xinhua China 25 index with a weight of 21.5%, the Korea Stock Price index 200 with a weight of 29%, the MSCI Taiwan index with a weight of 22% and the MSCI Singapore index with a weight of 10.5%.
The payout at maturity will be par plus double any positive return on the basket up to a maximum total return of 24.5%. Investors will lose 1.1111% for each 1% that the basket drops beyond 10%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced senior unsecured notes
|
| Underlying indexes: | Amex Hong Kong 30 (17% weight), FTSE/Xinhua China 25 (21.5% weight), Korea Stock Price Index 200 (29% weight), MSCI Taiwan (22 weight), MSCI Singapore (10.5% weight)
|
| Amount: | $8.82 million
|
| Maturity: | Nov. 26, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain up to maximum total return of 24.5%; par if the basket loses 10% or less; share in losses at 1.1111% per 1% drop beyond 10%
|
| Pricing date: | May 18
|
| Settlement date: | May 23
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1.76%, including 0.88% for selling concessions
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