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JPMorgan plans capped buffered return enhanced notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain up to a maximum return between 21.5% and 25.5%. The exact cap will be set at pricing.
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 is the agent.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 48128GHB9.
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