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JPMorgan plans capped contingent buffered notes linked to WTI crude
By Marisa Wong
Madison, Wis., Sept. 24 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due Dec. 21, 2015 linked to a WTI crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.
If the final futures contract price is greater than the initial price, the payout at maturity will be par plus at least 1.5 times the contract return, subject to a maximum return of at least 15%. The exact upside leverage factor and maximum return will be set at pricing.
If the final futures contract price is equal to the initial price or less than the initial price by up to 15%, the payout will be par. Otherwise, investors will be fully exposed to the decline in the contract price from the initial price.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Sept. 26 and settle on Oct. 1.
The Cusip number is 48127DNV6.
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