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JPMorgan plans 0% buffered return enhanced notes linked to S&P 500
By E. Janene Geiss
Philadelphia, April 4 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due April 16, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price April 11 and settle April 16.
The payout at maturity will be an upcapped 1.321 times any positive return on the index.
If the ending index level declines by 15% or less, payout at maturity will be par. Holders will lose 1% for each 1% the index declines beyond 15%.
J.P. Morgan Securities Inc. will be the agent.
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