8-KExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Exhibit Filing (Feb 14, 2008)

Filed February 14, 2008For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

This 8-K filing by JPMORGAN CHASE & CO. (JPM) on February 14, 2008, primarily serves to attach several tax opinions from Davis Polk & Wardwell. These opinions relate to various structured notes issued by the company, including Return Enhanced Notes, Reverse Exchangeable Notes, and Buffered Return Enhanced Notes, with maturity dates in 2008 and 2009. For investors, this filing indicates the company's ongoing issuance of complex financial products. The inclusion of tax opinions suggests that these notes have specific tax implications, which are crucial for investors to understand before purchasing. The underlying assets for these notes are diverse, ranging from broad market indices like the S&P 500® to specific stock baskets and individual equities such as Alcoa Inc., highlighting the variety of investment strategies JPMorgan Chase is facilitating.

Key Highlights

  • 1Filing includes tax opinions for several structured note offerings.
  • 2Structured notes have varying maturity dates, with some due in 2008 and others in 2009.
  • 3The underlying assets for these notes are diverse, including the S&P 500 Index, baskets of international indices, and individual stocks.
  • 4Specific notes mentioned include Return Enhanced Notes, Reverse Exchangeable Notes, and Buffered Return Enhanced Notes.
  • 5Davis Polk & Wardwell provided the legal tax opinions for these financial products.
  • 6The filing incorporates these exhibits by reference into a Form S-3ASR Registration Statement.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide and attach tax opinions from Davis Polk & Wardwell concerning various structured financial products (notes) offered by JPMorgan Chase & Co.

The filing details tax opinions for Return Enhanced Notes Linked to the S&P 500® Index, Reverse Exchangeable Notes linked to specific stock indices or individual stocks (like Alcoa Inc.), and Buffered Return Enhanced Notes linked to a basket of international indices.

The maturity dates for these notes vary, with some due in August 2008 and others in February 2009.

Tax opinions are important because they provide legal guidance on the tax treatment and implications of investing in these complex structured products. Investors need to understand these tax consequences as they can significantly impact the net return on their investment.