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JPMorgan plans to price PLUS due 2017 linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Dec. 14 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due March 21, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of at least 13.3%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Dec. 16.
The Cusip number is 48127Y151.
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