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JPMorgan plans capped buffered return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 2 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Dec. 30, 2016 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 1.75 times any gain in the index, 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 each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 23 and settle on Dec. 31.
The Cusip number is 48127DZ76.
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