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JPMorgan plans to price 8%-12% six-month ELKS tied to Hewlett-Packard
By Susanna Moon
Chicago, Oct. 5 - JPMorgan Chase & Co. plans to price of 8% to 12% annualized Equity LinKed Securities due May 3, 2013 linked to Hewlett-Packard Co. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the shares finish at or below the 75% threshold level, in which case the payout will be a number if Hewlett-Packard shares equal to $10.00 divided by the initial share price.
J.P Morgan Securities LLC is the agent.
The notes will price on Oct. 30 and settle three business days later.
The Cusip number is 48126E610.
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