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Benchmark change to BearLinx Alerian MLP Select Index ETN

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JPMorgan Chase has announced that the Alerian MLP Select Index, which is the index underlying the BearLinx Alerian MLP Select Index ETN, will be discontinued by Alerian Capital Manageme

JPMorgan Chase has announced that the Alerian MLP Select Index, which is the index underlying the BearLinx Alerian MLP Select Index ETN, will be discontinued by Alerian Capital Management effective 15 May 2009.

Pursuant to the terms of the ETN, JP Morgan Securities, as calculation agent, has determined that effective 15 May the Alerian MLP Index will be substituted for the Alerian MLP Select Index for all purposes under the ETNs, including, but not limited to, determining the payment of any coupons as well as any amounts due at maturity or upon early redemption.

As of 4 May  2009, the Alerian MLP Index had the same index components as the Alerian MLP Select Index.

JPMorgan Chase’s other MLP linked ETN, the JPMorgan Alerian MLP Index ETN, remains unchanged and continues to be linked to the Alerian MLP Index. This ETN launched in April 2009 and is listed on the NYSE ARCA under ticker symbol AMJ.

The Alerian MLP Index measures the composite performance of energy-oriented MLPs. MLPs are master limited partnerships primarily engaged in the exploration, marketing, mining, processing, production, refining, storage or transportation of any mineral or natural resource.

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