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JPMorgan plans four-year 90% protected capped notes on SPDR Gold trust
By Susanna Moon
Chicago, Aug. 9 - JPMorgan Chase & Co. plans to price capped notes due Aug. 14, 2015 linked to the SPDR Gold trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of at least $1,350 per $1,000 principal amount. The exact cap will be set at pricing
Investors will be exposed to losses, with a minimum payout of 90% of par.
J.P. Morgan Securities LLC will be the agent.
The notes will price on Aug. 11 and settle on Aug. 16.
The Cusip is 48125XK47.
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