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JPMorgan plans to price return notes linked to basket of 16 stocks
By Angela McDaniels
Tacoma, Wash., Sept. 4 - JPMorgan Chase & Co. plans to price 0% return notes due Sept. 24, 2014 linked to an equally weighted basket of 16 common stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are General Motors Co., Ford Motor Co., Tenneco Inc., Home Depot, Inc., Lowe's Cos., Inc., Costco Wholesale Corp., Lennar Corp., Eaton Corp. plc, Caterpillar Inc., Oshkosh Corp., EMC Corp., International Business Machines Corp., Vantiv, Inc., ON Semiconductor Corp., Xilinx, Inc. and Parametric Technology Corp.
The payout at maturity will be the product of (a) par multiplied by (b) one plus the basket return multiplied by (b) a basket adjustment factor of 99.5%. Because of the basket adjustment factor, investors will lose some or all of their principal if the basket return is less than roughly 0.5%.
The final basket level will be the average of the basket closing levels on the five trading days ending Sept. 19, 2014.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Sept. 6 and settle Sept. 11.
The Cusip number is 48126NRH2.
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