8-KExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Exhibit Filing (Nov 28, 2007)

Filed November 28, 2007For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. (JPM) filed an 8-K on November 28, 2007, primarily to disclose tax opinions related to two specific debt issuances. These are the 19.50% (equivalent to 39.0% per annum) Reverse Exchangeable Notes due May 30, 2008, which are linked to the performance of the worst-performing stock in the Dow Jones Industrial Average (excluding JPM itself), and Principal Protected Dual Directional Knock-Out Notes due May 29, 2009, linked to the S&P 500® Index. The filing does not contain material financial updates or significant business events. Investors should note that this 8-K focuses on legal and tax aspects of specific, complex structured products. The information is primarily relevant to those investors who may have invested in, or are considering investing in, these particular notes, as it pertains to their tax treatment. It does not provide broader insights into the company's overall financial health or strategic direction at this time.

Key Highlights

  • 1Disclosure of tax opinions for two specific debt issuances filed via incorporation by reference into a Form S-3ASR registration statement.
  • 2One issuance involves 19.50% Reverse Exchangeable Notes due May 30, 2008, linked to the least performing stock in the Dow Jones Industrial Average (excluding JPM).
  • 3The other issuance involves Principal Protected Dual Directional Knock-Out Notes due May 29, 2009, linked to the S&P 500® Index.
  • 4The tax opinions were provided by Davis Polk & Wardwell.
  • 5The filing is primarily for informational and legal compliance regarding these structured notes.
  • 6No significant operational or financial performance updates are included in this specific 8-K filing.
  • 7Event date reported is November 25, 2007.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose tax opinions from Davis Polk & Wardwell concerning two specific debt products: Reverse Exchangeable Notes and Principal Protected Dual Directional Knock-Out Notes. These opinions are incorporated by reference into a previously filed registration statement.

No, this particular 8-K filing does not contain any updates on JPMorgan Chase's overall financial performance, earnings, or significant business operations. Its focus is strictly on the tax treatment of specific structured note issuances.

The information in this filing is primarily relevant to investors who have purchased, or are considering purchasing, the specific Reverse Exchangeable Notes or Principal Protected Dual Directional Knock-Out Notes mentioned. It provides legal and tax guidance related to these complex financial products.

The Reverse Exchangeable Notes have a coupon of 19.50% per annum and mature on May 30, 2008. Their performance is linked to the least performing common stock within the Dow Jones Industrial Average, excluding JPMorgan Chase's own stock.