Pricing Supplement No. 49 Dated August 4, 1997
(To Prospectus Supplement dated February 20, 1996
and Prospectus dated January 31, 1996)
Pursuant to Rule 424(b)(3)
Registration Statement No. 33-64193
J.P. Morgan & Co. Incorporated
Medium-Term Notes, Series A
(Fixed Rate Notes)
Principal Amount: $6,000,000
If principal amount is stated in other than
U.S. dollars, equivalent amount in U.S. dollars: N/A
CUSIP: 61687Y BQ9
Trade Date: August 4, 1997
Settlement Date: August 20, 1997
Maturity Date: August 20, 2012
Price to Public (Issue Price): 100.0%
Net Proceeds to Issuer: 99.45%
Interest Rate (per annum): 7.126%
Interest Payment Date(s): February 20 and August 20 of each
year, commencing February 20, 1998
Record Date(s): ( ) March 1 and September 1 of each year
(X ) Other: 15 calendar days prior
to the interest payment dates
Day Count Basis: (X) 30/360 (with no adjustment to period
end date for calculation purposes)
( ) Actual
Form: (X) Book-Entry Note (DTC)
( ) Certificated Note
Redemption:
( ) The Notes may not be redeemed prior to stated
maturity.
(X ) The Notes may be redeemed prior to maturity.
The notes may be redeemed at the option of the Company upon at
least 15 calendar days notice, in whole but not in part, on
August 20, 2002 (subject to Business Day convention described in
the Prospectus Supplement) at 100% of the principal amount
thereof together with accrued interest to the date fixed for
redemption.
Optional Redemption Date(s): August 20, 2002 (subject to Business
Day convention described in the Prospectus Supplement)
Initial Redemption Date: August 20, 2002 (subject to Business Day
convention described in the Prospectus Supplement)
Initial Redemption Percentage: See above
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Sinking Fund: None
Right of Payment:
( ) Subordinated (X) Unsubordinated
Original Issue Discount: N/A
Amount of OID:
Yield to Maturity:
Interest Accrual Date:
Initial Accrual Period OID:
Amortization Schedule: N/A
Denominations: $1,000,000 minimum with $5,000 integral multiples
thereafter
Plan of Distribution:
J.P. Morgan Securities Inc. has acted as Agent on behalf of
the Company.
The Company has agreed to indemnify the Agent 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 SUPPLEMENTOR THE PROSPECTUS SHALL HAVE THE
MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.
