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JPMorgan plans capped buffered equity notes due 2018 tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., July 14 – JPMorgan Chase & Co. plans to price 0% capped buffered equity notes due July 27, 2018 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, up to a maximum return of at least 40%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
The notes (Cusip: 48127DST6) are expected to price July 24 and settle July 29.
J.P. Morgan Securities LLC is the underwriter. i
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