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JPMorgan plans capped buffered return enhanced notes on S&P, Russell
By Devika Patel
Knoxville, Tenn., Feb. 6 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Feb. 14, 2019 linked to an equally weighted basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the Russell 2000 index.
If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return that is expected to be between 12.5% and 14.5% and will be set at pricing. Investors will receive par if the basket declines by 15% or less and will lose 1% for each 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646QKR5) will price on Feb. 9 and settle on Feb. 14.
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