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JPMorgan plans PLUS due 2016 linked to Financial Select SPDR ETF
New York, Sept. 4 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Dec. 20, 2016 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payment of at least $11.50 per note. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.
The notes will price on Sept. 15.
The Cusip number is 48127V280.
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