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JPMorgan plans two-year buffered return enhanced notes tied to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 30, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 17% to 20% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are expected to price Dec. 22 and settle Dec. 28.
J.P. Morgan Securities Inc. is the agent.
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