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JPMorgan plans to price PLUS due 2017 linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Jan. 23, 2017 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 gain in the index, up to a maximum return of at least 11.5%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price and settle in December.
The Cusip number is 48128A871.
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