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JPMorgan to price single review notes linked to S&P 500 and Russell
By Jennifer Chiou
New York, April 17 - JPMorgan Chase & Co. plans to price 0% lesser performing index single review notes due April 25, 2012 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If each index closes at or above the initial index level on April 20, 2012, then the notes will be called and investors will receive par plus a fixed percentage that is expected to be 70% to 75% and will be set at pricing.
If the notes are not called, then the payout at maturity will be par plus the return of the lesser performing index.
The notes are expected to price on April 20 and settle on April 23.
J.P. Morgan Securities Inc. is the agent.
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