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JPMorgan plans return enhanced notes linked to MSCI Taiwan Index
By E. Janene Geiss
Philadelphia, March 13 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due Sept. 17, 2009 linked to the MSCI Taiwan Index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of at least 78.75%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The final index level will be the arithmetic average of the index's closing level on the five consecutive trading days ending Sept. 14, 2009.
The notes are expected to price March 14 and settle March 19.
J.P. Morgan Securities Inc. is the agent.
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