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JPMorgan to price return enhanced notes linked to S&P 500 index
By Jennifer Chiou
New York, Aug. 2 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due Aug. 22, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, up to a maximum return of at least 19.1% that will be set at pricing.
Investors will share in losses.
The notes (Cusip: 48125XE77) are expected to price on Aug. 5 and settle on Aug. 10.
J.P. Morgan Securities LLC is the agent.
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