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JPMorgan to price buffered return enhanced notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Dec. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 29, 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 index gain, subject to a maximum return that is expected to be 27% to 33% and 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 the index declines beyond 10%.
The notes are expected to price on Dec. 23 and settle on Dec. 29.
J.P. Morgan Securities Inc. is the agent.
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