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JPMorgan plans notes on Alternative Index Multi-Strategy 5 (USD)
By Jennifer Chiou
New York, Dec. 2 - JPMorgan Chase & Co. plans to price 0% notes due Dec. 26, 2014 linked to the J.P. Morgan Alternative Index Multi-Strategy 5 (USD), according to an FWP with the Securities and Exchange Commission.
The index is a notional rules-based proprietary index that tracks the return of 26 alternative investment strategies. It is based on the theory that returns may be generated from capturing inefficiencies or trends in market prices of multiple asset classes.
The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive at least par.
The notes (Cusip: 48124A4S3) are expected to price on Dec. 22 and settle on Dec. 28.
J.P. Morgan Securities LLC is the agent.
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