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JPMorgan plans capped buffered enhanced notes linked to S&P 500
By Susanna Moon
Chicago, April 2 - JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation equity notes due April 9, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of $1,093.75 to $1,131.25 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on April 4 and settle on April 10.
The Cusip number is 48126DJ75.
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