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JPMorgan plans principal-protected notes linked to U.S. dollar index
By Angela McDaniels
Seattle, Jan. 31 - JPMorgan Chase & Co. plans to price an issue of zero-coupon principal-protected notes due Feb. 27, 2009 linked to the U.S. dollar index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on Feb. 23 and settle on Feb. 28.
Included in the index are the British pound, Canadian dollar, euro, Japanese yen, Swedish krona and Swiss franc.
The payout at maturity will be par plus any positive return on the index multiplied by the participation rate, which will be at least 305% and will be determined at pricing. Investors will receive at least par.
J.P. Morgan Securities Inc. will be the agent.
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