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JPMorgan plans capped index knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 29 - JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due Nov. 19, 2014 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the initial level by more than 20% on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent digital return of at least 8.5%. The exact percentage will be set at pricing
Otherwise, the payout will be par plus the index return, with exposure to losses and any gains capped at 8.5%.
J.P. Morgan Securities LLC will act as agent.
The notes will price on Nov. 1 and settle on Nov. 6.
The Cusip number is 48126NZK6.
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