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JPMorgan plans capped buffered return enhanced notes tied to S&P 500
By Tali Rackner
Norfolk, Va., June 30 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due July 31, 2017 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 double any gain in the index, up to a maximum return of between 16% and 20%. The exact cap will be set at pricing.
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 July 28 and settle on July 31.
The Cusip number is 48125UYK2.
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