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JPMorgan plans trigger return optimization securities on Euro Stoxx 50
By Jennifer Chiou
New York, March 4 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due March 29, 2018 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 two times any index gain, up to a maximum return of 70.5% to 77.5%.
If the index falls by up the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 48127T103) will price on March 27 and settle on March 31.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as agent.
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