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JPMorgan plans capped buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, July 1 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due July 29, 2016 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange.
The payout at maturity will be par plus 1.75 times any gain in the index, up to a maximum return of 17% to 21%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 28 and settle on July 31.
The Cusip number is 48127DRH3.
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