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JPMorgan plans dual direction contingent buffered notes on Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional contingent buffered equity notes due March 6, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 17.4%.
If the index falls by up to the 17.4% contingent buffer, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 1.
The Cusip number is 46647MV91.
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