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JPMorgan plans trigger return optimization notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 6 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due Oct. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 52% to 56%. The exact cap will be set at pricing.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as agent.
The notes will price on Oct. 29 and settle on Oct. 31.
The Cusip number is 48127H547.
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