Published on 9/29/2010 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $84,000 buffered return enhanced notes linked to Asian index basket
By Susanna Moon
Chicago, Sept. 29 - JPMorgan Chase & Co. priced $84,000 of 0% buffered return enhanced notes due Sept. 28, 2012 based on a basket of four equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng index, the Korea Stock Price Index 200, the MSCI Singapore index and the MSCI Taiwan index.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 20%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered return enhanced notes
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Underlying basket: | Hang Seng index, the Korea Stock Price Index 200, the MSCI Singapore index and the MSCI Taiwan index, equally weighted
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Amount: | $84,000
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Maturity: | Sept. 28, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain, capped at 20%; 1% loss for every 1% drop beyond 10%
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.03%, with the entire amount to be used for selling concessions
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Cusip: | 48124AC88
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