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JPMorgan plans buffered return optimization notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Dec. 24 – JPMorgan Chase & Co. plans to price 0% buffered return optimization securities due Dec. 29, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 1.5 times any gain in the index, up to a maximum return of 31% to 35%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
The notes are expected to price Dec. 29.
The Cusip number is 48127Y110.
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