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ML Depositor PPLUS Trust Floating Rate JP Morgan Chase Certificates JPM-1
Ticker Symbol: PYV* CUSIP: 73941X676 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/15/2014
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PPLUS Class A, Floating Rate Trust Certificates, PPLUS Trust Series JPM-1, stated amount $25 per certificate, underlying securities are the 4.875% Subordinated Notes due 3/15/2014, issued by JPMorgan Chase & Co. (NYSE: JPM), redeemable only as the rsult of a termination event of the swap agreement (see page S-7 of the prospectus), floating rate distributions are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the business day immediately prior to the payment date. The floating rate or the certificates will be 83% of the 10 Year CMT rate with a minimum rate of 3.25% and a maximum rate of 9.25%. Ratings of the certificates at the IPO are A by S&P. See the IPO prospectus for further information on the PPLUS Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (JPM)
IPO - 8/2/2004 - 1.00 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $25.0 Million
Company's Online Information Links
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HOME PAGE:
http://www.ml.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: World Financial Center, North Tower, New York, NY 10281 |
Main Phone Number |
212-449-1000 |
Fax Number |
Not Available |
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