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JPMorgan plans capped buffered return enhanced notes on crude oil index
By Jennifer Chiou
New York, March 18 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due March 31, 2017 linked to the S&P GSCI Crude Oil Index Excess Return, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the index, up to a maximum return of 15% to 20% that will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
The notes (Cusip: 48125UDF6) will price on March 26 and settle on March 31.
J.P. Morgan Securities LLC is the agent.
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