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JPMorgan plans dual directional contingent buffered notes on indexes
By Marisa Wong
Morgantown, W.Va., Sept. 8 – JPMorgan Chase & Co. plans to price 0% dual directional contingent buffered return enhanced notes due Sept. 30, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 of the lesser performing index.
If the lesser performing index falls by up to 32.5%, the payout will be par plus the absolute value of that index’s return. If the lesser performing index falls by more than 32.5%, investors will be fully exposed to that index’s decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Sept. 25 and settle Sept. 30.
The Cusip number is 48125UX49.
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