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JPMorgan plans to price 0% PLUS due 2017 linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Jan. 11 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus twice any gain in the index, up to a maximum payment that will be at least $11.35 per PLUS and will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price on Jan. 15.
The Cusip number is 48128A442.
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