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JPMorgan plans capped index knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Dec. 9 – JPMorgan Chase & Co. plans to price 0% capped index knock-out notes due Dec. 30, 2015 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 falls by more than 15% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity is par plus the contingent digital return of 10.95%.
Otherwise, the payout at maturity is par plus the index return, with exposure to any losses and any gains capped at 10.95%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 12 and settle on Dec. 17.
The Cusip number is 48127D3C0.
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