Published on 5/3/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $21.73 million return notes tied to basket of 15 stocks
By Toni Weeks
San Diego, May 3 - JPMorgan Chase & Co. priced $21.73 million of 0% return notes due May 16, 2012 linked to a basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of AGCO Corp., Akamai Technologies, Inc., Amdocs Ltd., Cabot Oil & Gas Corp., EQT Corp., Mead Johnson Nutrition Co., Mylan Inc., Nalco Holding Co., NovaGold Resources Inc., Petrohawk Energy Corp., Pioneer Natural Resources Co., SPX Corp., SunTrust Banks, Inc., United Therapeutics Corp. and Watts Water Technologies, Inc.
The payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return, which could be positive or negative, multiplied by (c) the basket adjustment factor, which is 99.6%.
Because of the basket adjustment factor, investors will lose principal if the basket return is less than 0.402%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying stocks: | AGCO Corp., Akamai Technologies, Inc., Amdocs Ltd., Cabot Oil & Gas Corp., EQT Corp., Mead Johnson Nutrition Co., Mylan Inc., Nalco Holding Co., NovaGold Resources Inc., Petrohawk Energy Corp., Pioneer Natural Resources Co., SPX Corp., SunTrust Banks, Inc., United Therapeutics Corp. and Watts Water Technologies, Inc., equally weighted
|
| Amount: | $21,732,000
|
| Maturity: | May 16, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) 99.6%
|
| Initial prices: | $57.58 for AGCO, $34.44 for Akamai, $30.75 for Amdocs, $56.28 for Cabot, $52.61 for EQT, $66.88 for Mead Johnson, $24.92 for Mylan, $12.85 for NovaGold, $29.21 for Nalco, $27.01 for Petrohawk, $102.23 for Pioneer, $86.45 for SPX, $28.19 for SunTrust, $66.96 for United Therapeutics, $38.70 for Watts
|
| Pricing date: | April 29
|
| Settlement date: | May 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125XNW2
|
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