New Issue: JPMorgan prices $1.87 million return notes linked to eight stocks

By Angela McDaniels

Tacoma, Wash., Nov. 29 - JPMorgan Chase & Co. priced $1.87 million of 0% return notes due Dec. 7, 2011 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Agrium Inc., Cliffs Natural Resources Inc., Chevron Corp., Freeport-McMoRan Copper & Gold Inc., Marathon Oil Corp., Newmont Mining Corp., Thompson Creek Metals Co. Inc. and Vale SA.

The payout at maturity will be 99% of the sum of par plus the basket return. Investors will experience a loss if the basket return is less than 1.01%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Return notes
Underlying stocks:	Agrium Inc., Cliffs Natural Resources Inc., Chevron Corp., Freeport-McMoRan Copper & Gold Inc., Marathon Oil Corp., Newmont Mining Corp., Thompson Creek Metals Co. Inc. and Vale SA, equally weighted
Amount:	$1.87 million
Maturity:	Dec. 7, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	99% of the sum of par plus the basket return
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48124A3D7

© 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.