To Be Filed Pursuant to Rule 433
Registration No. 333-146731
April 21, 2008
Pricing Term Sheet
Issuer: |
JPMorgan Chase & Co. |
Currency: |
USD |
Size: |
$2,500,000,000 |
Security Type: |
SEC Registered Senior Notes |
Maturity: |
May 1, 2013 |
Coupon: |
4.750% |
Interest Payment Dates: |
Semi-Annually |
Day Count Convention: |
30/360 |
Spread to Benchmark Treasury: |
+185 bps |
Benchmark Treasury: |
2.500% US Treasury due 3/13 |
Benchmark Treasury Spot and Yield: |
97-27; 2.972% |
Price to Public: |
99.683% of face amount |
Yield to maturity: |
4.822% |
Proceeds (Before Expenses) to Issuer: |
$2,483,325,000; 99.333% |
Interest Payment Dates: |
November 1 and May 1 of each year, commencing November 1, 2008 |
Trade Date: |
April 21, 2008 |
Settlement Date: |
April 28, 2008 (T+5) |
Denominations |
$1,000 x $1,000 |
CUSIP/ISIN |
46625HHB9 / US46625HHB96 |
Ratings: |
Aa2/AA-/AA- |
Sole Bookrunner: |
J.P. Morgan Securities Inc. |
Co-Managers: |
Bear, Stearns & Co., Inc. |
Jackson Securities, LLC |
|
Muriel Siebert & Co., Inc |
|
UBS Securities, LLC |
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.
The closing will occur on April 28, 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. Purchasers who wish to trade the notes on the date of pricing or the immediately succeeding date will be required, by virtue of the fact that the notes will settle in five business days, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.