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JPMorgan plans 18-month buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, Sept. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due March 28, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 20% to 24%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Sept. 27 and on settle on Sept. 30.
The Cusip is 48125XV60.
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