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JPMorgan plans 0% return enhanced notes linked to Russell 2000
By Susanna Moon
Chicago, Feb. 26 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due March 13, 2009 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus triple any gain in the index, capped at a payout equal to 125.8% of par.
Investors will be exposed to any decline in the index.
The notes are expected to price Feb. 29 and settle March 5.
J.P. Morgan Securities Inc. will be the agent.
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