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JPMorgan plans digital notes with 80% trigger linked to Wells Fargo
By Susanna Moon
Chicago, Nov. 6 - JPMorgan Chase & Co. plans to price 0% digital notes Nov. 27, 2013 linked to Wells Fargo & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Wells Fargo stock finishes at or above the 80% trigger level, the payout at maturity will be par plus a fixed return of at least 10.65%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 9 and settle on Nov. 15.
The Cusip number is 48126DHB8.
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