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JPMorgan plans one-year review notes with 90% trigger tied to S&P 500
By Susanna Moon
Chicago, Feb. 22 - JPMorgan Chase & Co. plans to price 0% review notes due March 13, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of at least 11% if the index closes at or above the initial level on any of four quarterly review dates.
If the notes are not called, investors will receive par if index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 48125VPA2.
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