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JPMorgan plans 8.1% callable yield notes tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, Jan. 26 - JPMorgan Chase & Co. plans to price 8.1% single observation callable yield notes due Feb. 6, 2013 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus accrued interest on May 7, Aug. 6 and Nov. 6, 2012.
A trigger event will occur if either index closes below its 70% trigger level on the observation date of Jan. 30, 2013.
If a trigger event does not occur, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any decline of the worst-performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 30 and settle on Feb. 6.
The Cusip number is 48125VKX7.
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