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JPMorgan plans uncapped return enhanced notes linked to S&P 500
By Tali Rackner
Norfolk, Va., July 22 – JPMorgan Chase & Co. plans to price 0% uncapped return enhanced notes due July 27, 2018 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 at least 1.5 times any gain in the index. The exact upside leverage factor will be set at pricing.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 24 and settle on July 29.
The Cusip number is 48125UC42.
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