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JPMorgan plans capped knock-out buffered notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., May 21 - JPMorgan Chase & Co. plans to price 0% capped single observation knock-out buffered equity notes due June 11, 2014 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 15% from the initial level on the June 6, 2014 observation date.
If a knock-out event does not occur and the index return is positive, the payout at maturity is par plus the index return, subject to a maximum return of 20%.
If a knock-out event does not occur but the index falls by up to 15%, the payout is par.
If a knock-out event occurs, investors will be fully exposed to losses from the initial index level.
The notes (Cusip: 48126NBG1) are expected to price May 24 and settle May 30.
J.P. Morgan Securities LLC is the agent.
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