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JPMorgan plans 0% buffered return enhanced notes on S&P 500
By Jennifer Chiou
New York, May 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Nov. 29, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the index, up to a maximum return of 14% to 18%. 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 every 1% decline beyond 10%.
The notes (Cusip: 48125VWW6) will price on May 25 and settle on May 31.
J.P. Morgan Securities LLC is the agent.
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