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JPMorgan plans contingent interest autocallables linked to Halliburton
By Susanna Moon
Chicago, Oct. 22 - JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Nov. 13, 2014 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
If Halliburton shares close at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a coupon at an annual rate of 11.2% for that quarter.
If the shares close at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.
If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the coupon.
Otherwise, investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 25 and settle on Oct. 30.
The Cusip number is 48126NYR2.
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