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JPMorgan plans to price notes due 2018 tied to three indexes, one fund
By Marisa Wong
Madison, Wis., March 2 - JPMorgan Chase & Co. plans to price 0% notes due Sept. 28, 2018 linked to a basket of three indexes and one fund, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket components are the S&P 500 index, the Dow Jones industrial average, the Dow Jones-UBS Commodity index and the iShares MSCI EAFE index fund.
The payout at maturity will be par plus at least 100% of the basket return, subject to a minimum payout of $1,025 per $1,000 principal amount of notes. The exact participation rate will be set at pricing.
The final basket level will be the average of its closing levels on Sept. 25, 2012, Sept. 25, 2013, Sept. 25, 2014, Sept. 25, 2015, Sept. 26, 2016, Sept. 25, 2017 and Sept. 25, 2018.
The notes (Cusip: 48125VPZ7) are expected to price March 27 and settle March 30.
J.P. Morgan Securities LLC is the agent.
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