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JPMorgan redeems $406,370 contingent absolute return notes on MetroPCS
By Marisa Wong
Madison, Wis., Oct. 11 - JPMorgan Chase & Co. gave notice that it redeemed in full its $406,370 of outstanding contingent absolute return autocallable optimization securities due April 12, 2013 linked to the common stock of MetroPCS Communications, Inc.
The securities (Cusip: 46637G603) were redeemed on Oct. 10 at 108.5. The redemption price includes an annualized call return of 17%.
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