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JPMorgan plans one-year capped knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 25 – JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due Dec. 16, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the 85% trigger level on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent digital return of at least 10.65%.
Otherwise, the payout will be par plus the index return, up to a maximum return of at least 10.65% and with exposure to any losses.
The exact deal terms, including contingent digital return and return cap, will be set at pricing. J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 26 and settle on Dec. 2.
The Cusip number is 48127DY77.
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