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JPMorgan plans 0% capped buffered return enhanced notes on Russell
By Toni Weeks
San Luis Obispo, Calif., March 28 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Oct. 31, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 15% to 19% that will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 48126DH93) are expected to price April 25 and settle April 30.
J.P. Morgan Securities LLC is the agent.
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