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JPMorgan to price capped buffered notes linked to S&P 500 index
By Toni Weeks
San Diego, Aug. 24 - JPMorgan Chase & Co. plans to price 0% capped buffered notes due Sept. 4, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,177.50 to $1,207.50 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond the 20% buffer.
The notes (Cusip: 48125V4H0) are expected to price Aug. 29 and settle Sept. 6.
J.P. Morgan Securities LLC is the agent.
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