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JPMorgan plans 15-month PLUS with cap linked to Russell 2000 index
New York, Sept. 2 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Dec. 20, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any gain in the index, up to a maximum return of 11.7%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Sept. 15.
The Cusip number is 48127V298.
The estimated value of the securities is $9.687 per $10.00 principal amount.
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