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JPMorgan plans 6.25%-8.25% autocallable yield notes linked to indexes
By Susanna Moon
Chicago, Sept. 27 - JPMorgan Chase & Co. plans to price 6.25% to 8.25% autocallable yield notes due Oct. 31, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly, with the exact rate to be set at pricing.
The notes will be called at par plus accrued interest if both components close at or above their initial levels on any quarterly call date.
A trigger event will occur if either component falls below the 70% trigger level on any trading day during the life of the notes.
The payout at maturity will be par unless a trigger event occurs and the return of the worse performing component is negative, in which case investors will share in losses of the worse performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 48126NVR5.
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