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JPMorgan plans trigger PLUS due 2015 linked to Euro Stoxx 50
By Jennifer Chiou
New York, Nov. 15 - JPMorgan Chase & Co. plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 2, 2015 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus three times any gain in the index, up to a maximum payment of at least $12.16 per note.
Investors will receive par if the shares fall up to 20% and will be fully exposed to any losses the shares fall below the 80% trigger level.
The notes (Cusip: 48127A773) will price on Nov. 26.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.
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