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JPMorgan plans to sell buffered return enhanced notes tied to S&P 500
By Marisa Wong
Madison, Wis., June 13 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Dec. 31, 2012 linked to the S&P 500 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 13% to 17%. 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%.
The notes (Cusip: 48125XUS3) will price on June 27 and settle on June 30.
J.P. Morgan Securities LLC is the agent.
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