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JPMorgan plans PLUS due 2014 linked to iShares MSCI Emerging Markets
By Susanna Moon
Chicago, Nov. 6 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.70 to $12.10 per note. The exact deal terms will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
The notes will price on Nov. 29 and settle three days later in December.
The Cusip number is 48126E479.
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