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JPMorgan redeems $34.92 million trigger optimization notes on Apple
By Marisa Wong
Madison, Wis., May 6 - JPMorgan Chase & Co. said it redeemed its $34,922,290 of outstanding 0% trigger autocallable optimization securities due April 5, 2012 linked to the common stock Apple Inc. on May 4.
The securities (Cusip: 46634X260) were redeemed at a price of 101.3, which included an annualized call return of 15.625%.
The Bank of New York Mellon Trust Co., NA is the redemption agent.
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