Pricing Supplement No. 4 Dated March 14, 1996
(To Prospectus Supplement dated February 20, 1996 Pursuant to Rule 424(b)(3)
and Prospectus dated January 31, 1996) Registration Statement
No. 33-64193
J.P. Morgan & Co. Incorporated
Medium-Term Notes, Series A
Subordinated Debt Securities
(Fixed Rate Notes)
Principal Amount: $75,000,000
If principal amount is stated in other than
U.S. dollars, equivalent amount in U.S. dollars: N/A
CUSIP: 61688A AA6
Trade Date: March 14, 1996
Settlement Date: March 22, 1996
Maturity Date: March 15, 2011
Price to Public (Issue Price): 100%
Net Proceeds to Issuer: $73,387,500
Interest Rate (per annum): 7.15%
Interest Payment Date(s): The 15th day of each month; commencing
April 15, 1996.
Record Date(s): ( ) March 1 and September 1 of each year
(X) Other: The first day of each month.
Day Count Basis: (X) 30/360
( ) Actual
Form: (X) Book-Entry Note (DTC)
( ) Certificated Note
Redemption:
( ) The Notes may not be redeemed prior to stated maturity.
(X) The Notes may not be redeemed prior March 15, 2001. Thereafter,
they may be redeemed at the option of the Issuer upon at least 30
calendar days notice, in whole but not in part, on each September 15
and March 15 at 100% of the principal amount thereof together with
accrued interest to the date fixed for redemption.
Optional Redemption Date(s): See above.
Initial Redemption Date: March 15, 2001
Initial Redemption Percentage: See above.
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Sinking Fund: None
Right of Payment:
(X) Subordinated ( ) Unsubordinated
Original Issue Discount: N/A
Amount of OID: N/A
Yield to Maturity: N/A
Interest Accrual Date: N/A
Initial Accrual Period OID: N/A
Amortization Schedule: N/A
Denominations: $1,000 with $1,000 integral multiples thereafter.
Plan of Distribution:
The Company, through J.P. Morgan Securities Inc. ("JPMSI") acting
as the Company's agent, will sell $25,000,000 aggregate principal
amount of the Notes to each of Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Smith Barney Inc. at a price of 99.85% of the principal
amount of the Notes.
The Company has agreed to indemnify the JPMSI, Merrill Lynch,
Pierce, Fenner & Smith Incorporated and Smith Barney Inc. against
certain liabilities, including liabilities under the Securities Act of
1933, as amended.
Additional Terms:
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN
THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS SHALL HAVE THE MEANINGS
ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.
