TERMS SHEET
This terms sheet contains selected information for quick reference only. You should read
this Supplement, particularly "Risk Factors," and each of the other documents listed under
"Available Information."
Sponsor: J.P. Morgan Securities Inc.
Trustee: U.S. Bank National Association
Tax Administrator: The Trustee
Closing Date: June 30, 2004
Distribution Dates: For the Group 1 and Group 2 Securities, the 16th day of each month or,
if the 16th day is not a Business Day, the first Business Day thereafter, commencing in
July 2004. For the Group 3 Securities, the 17th day of each month or, if the 17th day is not a
Business Day, the first Business Day thereafter, commencing in July 2004.
Trust Assets:
Trust
Asset
Group
Trust Asset Type
Certificate Rate
Original Term
To Maturity
(in years)
1
Ginnie Mae I
6.0%
30
2
Ginnie Mae I
6.0%
30
3
Underlying Certificate
(1)
(1)
(1)Certain information regarding the Underlying Certificate is set forth in
Exhibits A and B to this Supplement.
Security Groups: This series of Securities consists of multiple Security Groups (each, a
"Group"), as shown on the inside front cover of this Supplement and on Schedule I to this
Supplement. Payments on each Group will be based solely on payments on the Trust Asset
Group with the same numerical designation.
Assumed Characteristics of the Mortgage Loans Underlying the Group 1 and 2 Trust
Assets1:
Principal
Balance2
Weighted Average
Remaining Term to
Maturity (in months)
Weighted Average
Loan Age
(in months)
Mortgage Rate
Group 1 Trust Assets
$400,000,000
354
6
6.5%
Group 2 Trust Assets
$476,403,000
350
10
6.5%
1As of June 1, 2004.
2Does not include the Group 1 and 2 Trust Assets that will be added to pay
the Trustee Fee.
The actual remaining terms to maturity and loan ages of many of the Mortgage Loans underlying
the Group 1 and 2 Trust Assets will differ from the weighted averages shown above, perhaps
significantly. See "The Trust Assets – The Mortgage Loans" in this Supplement. See Exhibit A to
this Supplement for certain information regarding the characteristics of the Mortgage Loans
included in the Underlying Trust.
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