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JPMorgan plans PLUS due 2016 with cap, 300% leverage linked to S&P 500
By Susanna Moon
Chicago, June 2 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Oct. 5, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 12%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price on June 30.
The Cusip number is 48127X583.
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