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JPMorgan plans to price PLUS with cap due 2015 linked to S&P 500
By Susanna Moon
Chicago, Oct. 10 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Nov. 19, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payment of at least $11.15 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.
The notes will price on Oct. 14.
The Cusip number is 48127H471.
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