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JPMorgan plans trigger digital optimization notes on five currencies
New York, Aug. 13 - JPMorgan Chase & Co. plans to price 0% trigger digital optimization securities due Aug. 25, 2015 linked to the performance of a basket of equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee, the Chinese renminbi and the Mexican peso.
If the basket finishes at or above the initial level, the payout at maturity will be par of $10 plus the digital return of 52% to 57%. The exact return will be set at pricing.
If the basket falls but finishes above the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on Aug. 20 and settle on Aug. 23.
The Cusip number is 48126E792.
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