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JPMorgan plans single observation knock-out notes linked to Euro Stoxx
By Susanna Moon
Chicago, April 9 - JPMorgan Chase & Co. plans to price 0% single observation knock-out notes due Oct. 15, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the 80% knock-out level.
If a knock-out event fails to occur, the payout at maturity will be par plus the greater of any index gain and a contingent minimum return of at least 7.8%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 12 and settle on April 17.
The Cusip number is 48126DP37.
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