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Published on 8/29/2013 in the Prospect News Structured Products Daily.

JPMorgan plans review notes linked to S&P 500, iShares MSCI EAFE

By Marisa Wong

Madison, Wis., Aug. 29 - JPMorgan Chase & Co. plans to price 0% review notes due Sept. 23, 2016 linked to an equally weighted basket consisting of the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 7.1% to 8.1% per year if the basket closes at or above the initial level on an annual review date. The exact call premium will be set at pricing.

If the notes have not been called and the final basket level is less than its initial level by up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Sept. 13 and settle Sept. 18.

The Cusip number is 48126NQH3.


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