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JPMorgan to price capped buffered return enhanced notes on S&P 500
By Marisa Wong
Madison, Wis., May 31 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due June 30, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 14% to 18%, with the exact cap to be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 48126NCD7) are expected to price June 25 and settle June 28.
J.P. Morgan Securities LLC is the agent.
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