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JPMorgan plans 0% return enhanced notes linked to PHLX Oil Services Sector
By Jennifer Chiou
New York, Jan. 25 - JPMorgan Chase & Co. plans to price an issue of 0% return enhanced notes due Aug. 8, 2007 linked to the PHLX Oil Services Sector index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price on Feb. 2 and settle on Feb. 7.
The payout at maturity will be par plus double any positive return on the index, subject to a maximum total return that will be at least 19% and will be determined at pricing.
Investors will share in any losses.
J.P. Morgan Securities Inc. will be the agent.
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