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JPMorgan plans capped buffered return enhanced notes on S&P, Russell
By Devika Patel
Knoxville, Tenn., Feb. 24 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due March 1, 2018 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, up to a maximum return that is expected to be between 15% and 20% and will be set at pricing. Investors will receive par if the basket declines by 15% or less and will be exposed to any declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48128GPH7) will price on Feb. 25 and settle on March 1.
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