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JPMorgan plans contingent interest autocallables linked to 3D Systems
By Susanna Moon
Chicago, July 28 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Aug. 4, 2016 linked to 3D Systems Corp. shares, according to an FWP with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.75% if the stock closes at or above the coupon barrier level, 70% of the initial share price, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if 3D Systems shares close at or above the initial share price on any review date other than the final date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 60% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 30 and settle on Aug. 4.
The Cusip number is 48127DUH9.
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