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JPMorgan plans 6.4%-8.4% airbag autocallables linked to TripAdvisor
By Susanna Moon
Chicago, Dec. 10 – JPMorgan Chase & Co. plans to price 6.4% to 8.4% airbag autocallable yield optimization notes due Dec. 17, 2015 linked to TripAdvisor, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact interest rate will be set at pricing.
The notes will be called at par if TripAdvisor shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of TripAdvisor shares equal to $1,000 divided by the conversion price. The conversion price will be 83% of the initial share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on Dec. 12 and settle on Dec. 17.
The Cusip number is 48127P465.
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