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JPMorgan plans review notes linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, Sept. 22 – JPMorgan Chase & Co. plans to price 0% review notes due Oct. 4, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of between 9.6% and 10.6% if each index closes at or above its initial level on any annual review date. The exact call premium will be set at pricing.
If the notes are not called and the final level of each index is less than its initial level by up to 25%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% that the worse performing index falls by more than the 10% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 29 and settle on Oct. 2.
The Cusip number is 48127DC63.
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