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JPMorgan plans to price PLUS due December 2017 linked to S&P 500
By Tali Rackner
Norfolk, Va., July 27 – JPMorgan Chase Financial Co. LLC plans to price 0% Performance Leveraged Upside Securities due Dec. 5, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 14.5% and will be set at pricing.
If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price on Aug. 17.
The Cusip number is 46646X704.
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