IPN on failed recurrent payment

Hi

We sometimes have users which have recurrent payment that fails for some reason. We get an email from paypal saying the payments failed. The question is now, do paypal send IPN when payment fails ? There is nothing to se in the log for that blog, it would be nice to catch thoose failed payment, and then send an email to the user letting them know there was an issue with their paypal payment.

Is that possible ?