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JPMorgan to price buffered return enhanced notes linked to MSCI EAFE
By E. Janene Geiss
Philadelphia, Jan. 22 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due July 30, 2010 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any index gain, up to a maximum return of 27% to 30%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond 10%.
The notes are expected to price on Jan. 27 and settle on Jan. 30.
J.P. Morgan Securities Inc. will be the agent.
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