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JPMorgan plans PLUS due 2017 with cap linked to Euro Stoxx 50 index
By Susanna Moon
Chicago, Feb. 12 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due June 1, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of at least 28.8%. 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 as dealer.
The notes will price on Feb. 29.
The Cusip number is 48128A186.
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