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JPMorgan plans buffered return enhanced notes tied to Russell 2000
By Susanna Moon
Chicago, June 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 31, 2012 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout will be par plus 1.5 times any index gain, up to a maximum return of 18% to 22%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 27 and settle on June 30.
The Cusip is 48125XTG1.
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