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JPMorgan plans to price optimal entry return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Oct. 2 - JPMorgan Chase & Co. plans to price 0% optimal entry return notes due Oct. 31, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The lookback level will be the index's lowest closing level during the lookback observation period, which will begin on the pricing date and end on the final lookback date. The final lookback date will be set at pricing and will be on or after Dec. 26, 2012 but no later than Jan. 26, 2013.
The payout at maturity will be par plus the index return. Investors will lose some or all of their principal if the final index level is less than the lookback level.
The notes are expected to price Oct. 26 and settle Oct. 31.
J.P. Morgan Securities LLC is the agent.
The Cusip number is 48126DBK4.
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