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JPMorgan redeems $209,000 notes linked to Rackspace stock
By Marisa Wong
Madison, Wis., Aug. 29 - JPMorgan Chase & Co. redeemed all $209,000 of its outstanding contingent absolute return autocallable optimization securities due May 20, 2013 linked to the common stock of Rackspace Hosting, Inc., according to a notice.
The securities (Cusip: 46637G611) were redeemed on Aug. 15 at 103.625. The redemption price includes an annualized call return of 14.5%.
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