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JPMorgan plans 6% autocallable yield notes linked to fund, indexes
By Susanna Moon
Chicago, Aug. 6 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due Nov. 25, 2016 linked to the worse performing of the Euro Stoxx 50 index, the Russell 2000 index and the Materials Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if each component closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless any component finishes below its 67% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 20 and settle on Aug. 25.
The Cusip number is 48125UK43.
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