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JPMorgan to issue 0% buffered return enhanced notes linked to Nikkei
By Angela McDaniels
Seattle, Sept. 8 - JPMorgan Chase & Co. plans to price an issue of 0% buffered return enhanced notes due Sept. 26, 2007 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
The pricing date is expected to be on or about Sept. 15 with settlement on Sept. 20.
Noteholders will receive par plus twice any positive return on the index up to a maximum return, which will be determined at pricing and will be at least 19.3%.
If the ending index level declines by 10% or less, payout at maturity will be par. Holders will lose 1.1111% for each 1% the index declines beyond 10%.
J.P. Morgan Securities Inc. will be agent for the offering.
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