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JPMorgan to price buffered return enhanced notes linked to Dow Jones - AIG Commodity
By Susanna Moon
Chicago, June 23 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 28, 2009 linked to the Dow Jones - AIG Commodity index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain on the index, up to a maximum return of at least 32%. The exact cap will be set at pricing.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
The notes are expected to price on June 24 and settle on June 27.
J.P. Morgan Securities Inc. will be the agent.
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