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JPMorgan plans to price PLUS linked to Euro Stoxx Banks index
By Toni Weeks
San Luis Obispo, Calif., Nov. 6 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Dec. 17, 2015 linked to the Euro Stoxx Banks 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 20% that will be set at pricing.
Investors will be fully exposed to any decline in the index.
The notes (Cusip: 48127P853) are expected to price Nov. 14 and settle three business days later.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
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