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JPMorgan plans three-month 5% return notes linked to Senior Loan ETF
By Angela McDaniels
Tacoma, Wash., May 10 - JPMorgan Chase & Co. plans to price 5% annualized return notes due Aug. 19, 2013 linked to the PowerShares Senior Loan Portfolio, according to an FWP filing with the Securities and Exchange Commission.
Interest will be paid at maturity.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $993.80 plus (b) $1,000 multiplied by the fund return plus (c) the interest amount.
The initial share price will be set by the calculation agent and may or may not be the official closing price of one share of the exchange-traded fund on the pricing date.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price May 14 and settle May 17.
The Cusip number is 48126DU80.
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