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JPMorgan plans to price PLUS due 2017 linked to Euro Stoxx 50 index
By Tali Rackner
Norfolk, Va., Nov. 19 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due March 3, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of at least 18.5%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Nov. 30 and settle on Dec. 3.
The Cusip number is 48127Y318.
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