080305_JPM Series Fix and Win ... - Börse Stuttgart

J.P. Morgan Securities Ltd. will act as Calculation Agent, unless otherwise specified under section "Specific
Description of the Notes". Whenever the Calculation Agent is required to act or to exercise judgement in any
way under the Notes, it will do so in good faith and in a commercially reasonable manner.
Rating
JPMIDL is not rated. JPMCB is currently (as per 10 March 2008) rated AA by Standard & Poors. The Notes are
unrated. A security rating is not a recommendation to buy, sell or hold Notes and may be subject to suspension,
change or withdrawal at any time by the assigning rating agency.
Interests of natural and legal persons involved in the issue/offer
Save as discussed in the section "Subscription and Sale" and under "Risk Factors – Potential Conflicts of
Interest" in this document, so far as the Issuer is aware, no person involved in the offer of the Notes has an
interest material to the offer.
Reasons for the offer and use of proceeds
(i) Reasons for the offer: Not Applicable
(ii) Estimated net proceeds: Not Applicable
(iii) Estimated total expenses: Not Applicable
Explanation relating to the linkage between the reference asset and interest on and repayment of the
Notes
The return on the Notes is linked to the performance of the underlying Reference Asset (the Dow Jones EURO
STOXX 50® Price Index, the "Index"). The Level of the Index may go up as well as down throughout the life
of the Notes. Fluctuations in the Level of the Index will affect the value of the Notes.
There will be no interest accrual under the Notes.
To the extent not previously redeemed in whole or in part each Note will be redeemed in instalments by the
payment of the relevant Instalment Amounts on each Instalment Date.
The Instalment Amount in respect of the Instalment Date scheduled for 23 April 2009 will be the sum of (i) 50
per cent of the Specified Denomination and (ii) the product of 50 per cent of the Specified Denomination and
6.5 per cent.
The Instalment Amount in respect for the Instalment Date scheduled for 30 April 2014 will be the product of (i)
50 per cent of the Specified Denomination and (ii) the greater of the following (a) 100 per cent. and (b) the
average of the Index Performances as determined on the 24 quarterly Valuation Dates.
The Index Performance with respect to each Valuation Date is calculated as the ratio between the Index Level as
of the relevant Valuation Date and the Index Level as of the Initial Valuation Date.
For the avoidance of doubt, the sum of both Instalment Amounts shall in no event be less than the Specified
Denomination and the last Instalment Amount shall in no event be less than 50 per cent of the Specified
Denomination.
The formulae used to calculate the Instalment Amounts are set forth in the definition of "Instalment Amount(s)",
see § 4 of the Terms and Conditions below.
The Notes may only be redeemed early at the Early Redemption Amount pursuant to § 4(c) (Redemption for
taxation reasons), § 4(g) (Additional Termination Events) or § 8 (events of default) of the Terms and
Conditions.
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