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JPMorgan plans capped buffered return enhanced notes on S&P 500
By Marisa Wong
Madison, Wis., March 31 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due April 29, 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange.
The payout at maturity will be par plus two times any index gain, up to a maximum return of 14% to 18%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 48127DDC9.
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