By Jennifer Chiou
New York, Nov. 29 - JPMorgan Chase & Co. priced a $0.51 million offering of 0% principal protected notes due May 30, 2008 linked to a basket of four currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal rates of the Indian rupee, New Turkish lira, Brazilian real and Mexican peso.
The basket closing level will be measured on the observation date, which is set for May 27, 2008.
At maturity, noteholders will receive par plus the basket return multiplied by a 385% participation rate. Investors will receive at least par.
J.P. Morgan Securities Inc. is the agent for the offering.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Principal-protected senior notes
|
| Underlying currencies: | Equal rates of the Indian rupee, New Turkish lira, Brazilian real and Mexican peso
|
| Amount: | $0.51 million
|
| Maturity: | May 30, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 385% of the gain on the index; floor of par
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2% total, includes 0.5% selling concession
|
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