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JPMorgan plans buffered return enhanced notes linked to Russell 2000
By Susanna Moon
Chicago, Nov. 1 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Nov. 30, 2012 based on the performance of the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 28% to 32%. 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 each 1% decline beyond 10%.
The notes (Cusip 48124AV87) will price on Nov. 23 and settle on Nov. 30.
J.P. Morgan Securities LLC is the agent.
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