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JPMorgan to price buffered return enhanced notes linked to MSCI EAFE
By Marisa Wong
Milwaukee, March 26 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 31, 2010 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the index, subject to a maximum return of at least 8% 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 on March 29 and settle on April 1.
J.P. Morgan Securities Inc. is the agent.
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