8-KExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Exhibit Filing (May 25, 2007)

Filed May 25, 2007For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. (JPM) filed a Current Report on Form 8-K on May 25, 2007, primarily to file certain exhibits related to previously issued financial notes. The report does not contain new financial statements or material business updates. Instead, it incorporates by reference tax opinions from Davis Polk & Wardwell concerning two specific note offerings: "Lesser Index 95% Principal Protected Notes Linked to the Dow Jones EURO STOXX 50® Index and the Russell 1000® Growth Index due December 3, 2008" and "5.70% (equivalent to 11.40% per annum) Reverse Exchangeable Notes due November 29, 2007 Linked to the Common Stock of Whole Foods Market, Inc." For investors, this filing indicates ongoing activity in JPM's structured products and derivatives business. The inclusion of tax opinions suggests these notes have been structured with specific tax considerations, which are important for the investors holding or considering these instruments. Investors should review the underlying prospectuses and the terms of these notes, as detailed in the referenced tax opinions, to understand their specific risks and potential tax implications.

Key Highlights

  • 1JPM filed an 8-K on May 25, 2007, reporting an event date of May 23, 2007.
  • 2The primary purpose of the filing is to introduce specific exhibits, not to report new financial results or material business events.
  • 3Exhibit 8.1 is a tax opinion from Davis Polk & Wardwell regarding "Lesser Index 95% Principal Protected Notes" linked to the Dow Jones EURO STOXX 50® and Russell 1000® Growth Indices, maturing December 3, 2008.
  • 4Exhibit 8.2 is a tax opinion from Davis Polk & Wardwell concerning "Reverse Exchangeable Notes" with a 5.70% interest rate (11.40% per annum), linked to Whole Foods Market, Inc. stock, maturing November 29, 2007.
  • 5These exhibits are incorporated by reference into a previously filed Registration Statement on Form S-3ASR.
  • 6The filing confirms JPM's continued issuance and structuring of complex financial products, including principal-protected and reverse exchangeable notes.

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