8-KExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Exhibit Filing (Apr 26, 2007)

Filed April 26, 2007For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

This JPMorgan Chase & Co. (JPM) 8-K filing, dated April 26, 2007, primarily serves to disclose the filing of several tax opinions from Davis Polk & Wardwell. These opinions relate to various structured financial products, including principal protected notes and enhanced return notes linked to major indices like the Nikkei 225, Dow Jones EURO STOXX 50®, and S&P 500®. The filing also includes opinions for reverse exchangeable notes tied to the common stock of individual issuers, with various maturity dates. From an investor's perspective, this filing does not contain direct financial results or operational updates. Instead, it signifies the legal and tax clearance for a series of complex investment products offered by JPM. Investors considering these specific notes should review the underlying prospectuses and risk factors associated with the index or stock performance, as well as the tax implications detailed in the opinions. The filing reinforces JPM's role as an issuer of a diverse range of financial instruments.

Key Highlights

  • 1The filing consists of tax opinions from Davis Polk & Wardwell, providing legal clearance for specific JPM financial products.
  • 2Several exhibits detail tax opinions for notes linked to major international and domestic stock indices (Nikkei 225, Dow Jones EURO STOXX 50®, S&P 500®).
  • 3The filing also includes tax opinions for various Reverse Exchangeable Notes, which are linked to the common stock of different single reference stock issuers.
  • 4These structured products have varying maturity dates, ranging from late 2007 to mid-2008.
  • 5Exhibit 8.7 specifically mentions a 13.50% Reverse Exchangeable Note due April 28, 2008, linked to JetBlue Airways Corporation.
  • 6The 8-K is filed under Item 9.01 (Financial Statements and Exhibits) and incorporates these opinions by reference into a Form S-3ASR registration statement.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the submission of several tax opinions from the law firm Davis Polk & Wardwell. These opinions relate to various structured financial products that JPMorgan Chase & Co. has issued or intends to issue.

No, this filing does not contain any financial statements, earnings reports, or updates on the company's operational performance. Its sole focus is on disclosing legal and tax opinions related to specific financial instruments.

The tax opinions cover a range of structured products including Lesser Index Principal Protected Notes, Lesser Index Return Enhanced Notes, and Reverse Exchangeable Notes. These notes are linked to various stock indices such as the Nikkei 225, Dow Jones EURO STOXX 50®, and S&P 500®, or to the common stock of individual companies.

Yes, for investors considering purchasing the specific notes mentioned, these tax opinions are important. They provide assurance regarding the tax treatment of these complex financial products. Investors should consult with their tax advisors and carefully review the offering documents for these notes to understand the associated risks and tax implications.