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JPMorgan redeems $2 million trigger phoenix notes on Bank of America
By Marisa Wong
Madison, Wis., Sept. 6 - JPMorgan Chase & Co. gave notice that it redeemed in full its $2 million of outstanding trigger phoenix autocallable optimization securities due June 5, 2013 linked to the common stock of Bank of America Corp.
The securities (Cusip: 46637G488) were redeemed on Sept. 5 at par plus a contingent coupon of 18.65% per year.
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