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JPMorgan plans two-year buffered return enhanced notes on S&P 500
By Susanna Moon
Chicago, Sept. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Sept. 28, 2012 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 18% to 22%. The exact cap will be set pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes (Cusip 48124AC54) will price on Sept. 27 and settle on Sept. 30.
J.P. Morgan Securities Inc. is the agent.
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