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JPMorgan Chase to sell return enhanced notes linked to S&P 500 index
By Susanna Moon
Chicago, April 8 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due July 3, 2012 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 five times any gain on the index, up to a maximum return of 65%. The exact cap will be set at pricing.
Investors will be exposed to any index decline.
The notes are expected to price on April 8 and settle on April 14.
J.P. Morgan Securities Inc. will be the agent.
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