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JPMorgan redeems $2.26 million contingent absolute return notes on GM
By Marisa Wong
Madison, Wis., Nov. 16 - JPMorgan Chase & Co. gave notice that it redeemed in full its $2,263,790 of outstanding contingent absolute return autocallable optimization securities due May 20, 2013 linked to the common stock of General Motors Co.
The securities (Cusip: 46637G629) were redeemed on Nov. 15 at 106.5. The redemption price includes an annualized call return of 13%.
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