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JPMorgan plans dual directional contingent buffer notes on two indexes
By Susanna Moon
Chicago, July 1 – JPMorgan Chase & Co. plans to price 0% dual directional contingent buffered return enhanced notes due July 31, 2019 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worse performing index.
If each index falls by no more than 32.5%, the payout will be par plus the absolute value of the index return of the worse performing index.
Otherwise, the payout will be par plus the return of the worse performing index, with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 28 and settle on July 31.
The Cusip number is 48125UYU0.
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