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JPMorgan plans to price PLUS due 2016 linked to S&P GSCI Excess Return
By Susanna Moon
Chicago, May 28 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due July 5, 2016 linked to the S&P GSCI Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 150% of any index gain, up to a maximum return of 14.65%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price on May 29.
The Cusip number is 48125USW3.
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