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JPMorgan plans to price buffered equity notes linked to iShares MSCI Emerging Markets fund
By E. Janene Geiss
Philadelphia, Oct. 9 - JPMorgan Chase & Co. plans to price 0% buffered equity notes due Nov. 30, 2010 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain on the index fund, subject to a maximum return of 29% to 33% that will be set at pricing. Investors will receive par if the index fund declines by 10% or less and will be exposed to any decline beyond 10%.
The notes are expected to price on Oct. 27 and settle on Oct. 30.
J.P. Morgan Securities Inc. is the agent.
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