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JPMorgan plans one-year capped index knock-out notes on Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 14 - JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due Sept. 4, 2014 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 initial level by more than 36.2% 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 greater of any index gain and the contingent minimum return, which will be at least 0% with the exact amount set at pricing.
Otherwise, the payout will be par plus the index return, with exposure to losses.
In either case, the maximum return will be at least 7%, with the exact percentage also to be set at pricing.
J.P. Morgan Securities LLC will act as agent.
The notes will price on Aug. 16 and settle on Aug. 21.
The Cusip number is 48126NNQ6.
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