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JPMorgan plans trigger jump securities tied to WTI crude oil
By Marisa Wong
Madison, Wis., July 17 – JPMorgan Chase & Co. plans to price 0% trigger jump securities due Sept. 3, 2015 linked to the WTI crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.
If the final contract price is greater than or equal to the initial contract price, the payout at maturity will be par plus the greater of the return and the upside payment, which will be at least 11.3% and will be set at pricing.
If the final contract price is less than the initial price but greater than or equal to the downside threshold, 90% of the initial price, the payout will be par.
Otherwise, investors will be fully exposed to the price decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on July 31.
The Cusip number is 48127DTK4.
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