Pricing Supplement No. 110 Dated April 29, 1999
(To Prospectus Supplement dated May 26, 1998
and Prospectus dated May 21, 1998)
Pursuant to Rule 424(b)(3)
Registration Statement No. 333-51961
J.P. Morgan & Co. Incorporated
60 Wall Street
New York, NY 10260-0060
(1-212) 483-2323
Medium-Term Notes, Series A
(Floating Rate Notes)
Principal Amount: $50,000,000
CUSIP: 61687Y DR5
Trade Date: April 29, 1999
Settlement Date: May 4, 1999
Maturity Date: May 4, 2001
If principal amount is other than U.S. dollars, equivalent in
U.S. dollars: N/A
Exchange Agent: N/A
Price to Public (Issue Price): Varying prices relating to
prevailing market prices
Net Proceeds to Issuer: 99.9331% ($49,966,550)
Interest Rate (per annum): The simple weighted average of the
Daily Federal Funds Rate as set forth in the FED Statistical
Release "H.15" (Telerate page 120) plus 25 basis points (0.25%)
with one day "Look Back" - i.e., the Federal Funds Rate
applicable for each Interest Reset Date shall be the Federal
Funds Rate as of the close of business on the preceding Business
Day; and a two day "Cut Off" - i.e., the Calculation Agent shall
apply the Federal Funds Rate for each Interest Reset Day up to
and including the second Business Day immediately prior to each
Interest Payment Date in accordance with the one day "Look Back"
provision. The Daily Federal Funds effective rate for Thursday
applies to Friday, Saturday, and Sunday and the rate for Friday
applies to Monday. In addition, the Interest Rate determined on
the second Business Day immediately prior to each Interest
Payment Date shall be applicable for all Interest Reset Dates
from such Business Day up to but excluding the immediately
following Interest Payment Date.
Interest Rate Basis:
( ) Commercial Paper Rate (X) Federal Funds Rate
( ) LIBOR (Reuters) ( ) Treasury Rate Note
( ) LIBOR (Telerate) ( ) Other:
( ) Prime Rate
Interest Payment Date(s): August 4, November 4, February 4, and
May 4 of each year, commencing August 4, 1999 and ending May 4,
2001.
Record Date(s): (X) The fifteenth day (whether or not a
Business Day) next preceding each Interest
Payment Date.
( ) Other
Initial Interest Rate Per Annum: In accordance with the Interest
Rate above.
Interest Payment Period: ( ) Annual ( ) Semi-Annual
( ) Monthly ( X ) Quarterly ( ) Other:
Interest Reset Periods:
( X ) Daily ( ) Weekly ( ) Monthly
( ) Quarterly (Actual/360)
( ) Semi-annually; the third Wednesday of :
( ) Annually; the third Wednesday of:
Interest Determination Dates: One New York business day prior to
each Interest Reset (i.e., the Daily Federal Funds effective rate
for Thursday applies to Friday, Saturday, and Sunday, and the
rate for Friday applies to Monday).
Interest Reset Date if other than stated in the Prospectus
Supplement: Daily, with one day "Look Back" - i.e., the Federal
Funds Rate applicable for each Interest Reset Date shall be the
Federal Funds Rate as of the close of business on the preceding
Business Day; and a two day "Cut Off" - i.e., the Calculation
Agent shall apply the Federal Funds Rate for each Interest Reset
Day up to and including the second Business Day immediately prior
to each Interest Payment Date in accordance with the one day
"Look Back" provision. The Daily Federal Funds effective rate
for Thursday applies to Friday, Saturday and Sunday and the rate
for Friday applies to Monday. In addition, the Interest Rate
determined on the second Business Day immediately prior to each
Interest Payment Date shall be applicable for all Interest Reset
Dates from such Business Day up to but excluding the immediately
following Interest Payment Date.
Interest Calculation:
(X) Regular Floating Rate
( ) Inverse Floating Rate (Fixed Interest Rate: ___%)
( ) Other Floating Rate (See attached)
Spread (plus/minus): plus 25 basis points Spread Multiplier: N/A
Index Maturity: Daily Index Currency: N/A
Maximum Interest Rate: N/A Minimum Interest Rate: 0.00%
Calculation Date if other than stated in the Prospectus
Supplement: N/A
Right of Payment:
( ) Subordinated (X) Unsubordinated
Day Count Basis: ( X) Actual/360
(Commercial Paper Rate Notes,
Federal Funds Rate Notes, Prime
Rate Notes and LIBOR Notes)
( ) Actual (Treasury Rate Notes)
Form: (X) Book-Entry Note (DTC)
( ) Certificated Note
Denomination: $1,000 with $1,000 integral multiples thereafter.
Redemption:
( X ) The Notes may not be redeemed prior to stated maturity.
( ) The Notes may be redeemed prior to stated maturity.
Optional Redemption Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Repayment Date Prices: N/A
Sinking Fund: None
Extendible Note: ( ) Yes (X) No
Amortization Schedule: N/A
Original Issue Discount: N/A
Amount of OID:
Yield to Maturity:
Interest Accrual Date:
Initial Accrual Period OID:
Indexed Note: ( ) Yes (X) No
Calculation Agent(s):
(X) U.S. Bank Trust National Association
( ) Morgan Guaranty Trust Company of New York
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 SUPPLEMENT OR THE PROSPECTUS SHALL HAVE
THE MEANINGS ASSIGNED
TO THEM IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.
