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JPMorgan plans 30-month buffered return enhanced notes on S&P 500
By Susanna Moon
Chicago, Dec. 22 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due July 12, 2013 based on the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times to 1.3 times any index gain, up to a maximum return of 18%. The exact participation rate 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%.
The notes (Cusip: 48124A6D4) will price on Jan. 7 and settle on Jan. 12.
J.P. Morgan Securities LLC is the agent.
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