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Published on 2/1/2010 in the Prospect News Structured Products Daily.

JPMorgan plans to price 0% CDs linked to Dow Jones Industrial Average

By Angela McDaniels

Tacoma, Wash., Feb. 1 - JPMorgan Chase Bank, NA plans to price 0% equity-linked certificates of deposit due Aug. 27, 2015 linked to the Dow Jones Industrial Average, according to a term sheet.

The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing. Investors will receive at least par.

The final index level will equal the average of the index's closing levels on 11 semiannual observation dates falling in February and August of each year, beginning with Aug. 23, 2010.

The CDs are expected to price Feb. 23 and settle Feb. 26.

J.P. Morgan Securities Inc. is the agent.


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