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JPMorgan to price 7.2% autocallable yield notes linked to Russell 2000, iShares MSCI Brazil
By Angela McDaniels
Tacoma, Wash., May 5 - JPMorgan Chase & Co. plans to price 7.2% autocallable yield notes due May 18, 2012 linked to the Russell 2000 index and the iShares MSCI Brazil index fund, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying component closes above its initial level on Aug. 16, Nov. 16 or Feb. 16, 2012.
The payout at maturity will be par unless either underlying component falls below its trigger level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, up to a maximum payout of par.
The notes (Cusip: 48125XPZ3) are expected to price May 16 and settle May 19.
J.P. Morgan Securities LLC is the agent.
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