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JPMorgan plans to price buffered return enhanced notes tied to Russell
By Toni Weeks
San Diego, May 2 - JPMorgan Chase & Co. plans to price buffered return enhanced notes due Nov. 30, 2012 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Investors will receive 1.5 times any gain in the index at maturity, capped at a maximum total return of 18% to 22%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond 10%.
The notes (Cusip: 48125XPE0) are expect to price May 25 and settle May 31.
J.P. Morgan Securities LLC is the agent.
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