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JPMorgan plans PLUS with 11.15% cap linked to S&P MidCap 400
By Susanna Moon
Chicago, Dec. 4 - JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Feb. 4, 2015 linked to the S&P MidCap 400 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 11.15%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.
The notes will price on Dec. 30 and settle three days later in January.
The Cusip number is 48127A591.
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