Filed Pursuant to Rule 433
Registration No. 333-146731
Filed: May 16, 2008
Pricing Term Sheet
|
Issuer: |
JPMorgan Chase & Co. |
|
Ratings: |
Aa2/AA-/AA- |
|
Currency: |
USD |
|
Size: |
$2,500,000,000 |
|
Security Type: |
SEC Registered Senior Notes |
|
Maturity: |
May 15, 2038 |
|
Coupon: |
6.400% |
|
Interest Payment Dates: |
Semi-Annually |
|
Day Count Convention: |
30/360 |
|
Spread to Benchmark Treasury: |
+195 bps |
|
Benchmark Treasury: |
5.000% US Treasury due 5/37 |
|
Benchmark Treasury Spot and Yield: |
107-13; 4.538% |
|
Price to Public: |
98.846% of face amount |
|
Yield to maturity: |
6.488% |
|
Proceeds (Before Expenses) to Issuer: |
$2,449,275,000 (97.971%) |
|
Interest Payment Dates: |
May 15 and November 15 of each year, commencing November 15, 2008 |
|
Trade Date: |
May 16, 2008 |
|
Settlement Date: |
May 22, 2008 (T+4) |
|
Denominations |
$1,000 x $1,000 |
|
CUSIP/ISIN: |
46625HHF0 / US46625HHF01 |
|
Sole Bookrunner: |
J.P. Morgan Securities Inc. |
|
Co-Managers: |
Bear, Stearns & Co. Inc |
JPMorgan Chase & Co. has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement) with the Securities and Exchange Commission, or SEC, for the offering to which this term sheet relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and any other documents relating to this offering that JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-834-4533.
Settlement Period: The closing will occur on May 22, 2008, which will be more than three U.S. business days after the date of this pricing supplement. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly agree otherwise.
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