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JPMorgan plans trigger return optimization notes on S&P MidCap 400
By Marisa Wong
Madison, Wis., May 8 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due May 31, 2018 linked to the S&P MidCap 400 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 26.5% to 33.5%.
If the index falls by up the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as agent.
The notes will price on May 26 and settle on May 29.
The Cusip number is 48127X203.
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