JPMorgan redeems $2.64 million absolute return notes linked to Valero

By Marisa Wong

Madison, Wis., July 18 - JPMorgan Chase Bank, NA redeemed all $2,639,700 of its outstanding contingent absolute return autocallable optimization securities due April 19, 2013 linked to the common stock of Valero Energy Corp., according to a notice.

The securities (Cusip: 46637G884) were redeemed on July 17 at 103.813. The redemption price includes an annualized call return of 15.25%.

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