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JPMorgan Chase intends to price PLUS due 2017 linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Aug. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% Performance Leveraged Upside Securities due Dec. 5, 2017 linked to the S&P 500 index, according to a FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of at least 13%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646X779) will price on Aug. 31 and settle three business days after pricing.
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