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JPMorgan plans capped single observation knock-out notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Aug. 6 - JPMorgan Chase & Co. plans to price 0% capped single observation index knock-out notes due Aug. 27, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes below the initial level by more than 11.35%, the payout at maturity will be par plus the index return, with exposure to losses.
Otherwise, the payout will be par plus the contingent digital return, which will be at least 9.4% and will be set at pricing.
In either case, the maximum return will be at least 9.4%. The exact cap will be set at pricing.
The notes (Cusip: 48126NND5) are expected to price Aug. 9 and settle Aug. 14.
J.P. Morgan Securities LLC will act as agent.
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