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JPMorgan plans dual directional contingent buffer notes on Stoxx 50
By Susanna Moon
Chicago, Dec. 31 – JPMorgan Chase & Co. plans to price 0% dual directional contingent buffered return enhanced notes due Jan. 31, 2020 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 plus at least 1.2 times any gain in the index, up to a maximum return of 50%.
If the index falls by up to 35%, the payout will be par plus the absolute value of the return.
If the index falls below the 65% trigger level, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 48128GHN3.
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