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JPMorgan plans 5.5% subordinated notes
By Jennifer Chiou
New York, Jan. 22 - JPMorgan Chase & Co. plans to price 5.75% subordinated series B notes due Feb. 15, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable semiannually.
The notes will settle on Jan. 31.
The notes may be redeemed in whole at par from Feb. 15, 2010 onwards.
The payout at maturity will be par plus accrued interest.
J.P. Morgan Securities Inc. will be the agent.
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