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JPMorgan to price contingent buffered digital notes on Brent crude oil
By Toni Weeks
San Luis Obispo, Calif., July 9 - JPMorgan Chase & Co. plans to price 0% contingent buffered digital notes due July 24, 2014 linked to the Brent crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.
If the price of Brent crude finishes at or above 85% of the initial price, the payout at maturity will be par plus the digital return of at least 10.92%. The exact digital return will be set at pricing.
Otherwise, investors will share in losses.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price July 12 and settle July 17.
The Cusip number is 48126D5R6.
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