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JPMorgan plans capped buffered return enhanced notes tied to SPDR Gold
By Susanna Moon
Chicago, Jan. 15 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 30, 2015 linked to the SPDR Gold trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 10% to 12%. The exact cap will be set at pricing.
Investors will receive par if the shares fall by up to 5% and will lose 1% for every 1% decline beyond 5%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Jan. 17 and settle on Jan. 23.
The Cusip number is 48126NX51.
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