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JPMorgan plans buffered return notes tied to iShares MSCI EM fund
By Susanna Moon
Chicago, May 17 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 9, 2011 based on the iShares MSCI Emerging Markets index fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 20.75% to 25.75%. The exact cap will be set pricing.
Investors will receive par if the shares fall by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes will price on June 4 and settle on June 9.
J.P. Morgan Securities Inc. is the agent.
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