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JPMorgan plans to price PLUS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., Dec. 3 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due April 4, 2016 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 triple any gain in the index, up to a maximum return of at least 12% that will be set at pricing.
Investors will be fully exposed to any decline in the index.
The notes (Cusip: 48127P614) are expected to price Dec. 30 and settle three business days later.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
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