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JPMorgan to price return enhanced notes linked to Dow Chemical
By Jennifer Chiou
New York, Nov. 8 - JPMorgan Chase & Co. plans to price 0% return enhanced notes due Nov. 28, 2012 linked to the common stock of Dow Chemical Co., according to an FWP with the Securities and Exchange Commission.
If the final share price is greater than the initial price, the payout at maturity will be par plus double the stock return, up to a maximum return of at least 49.9%. The actual percentage will be set at pricing.
Investors will be fully exposed to losses if the stock price declines.
The notes (Cusip: 48125VCT5) are expected to price on Nov. 11 and settle on Nov. 16.
J.P. Morgan Securities LLC will be the agent.
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