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JPMorgan plans trigger return optimization notes on S&P MidCap 400
By Toni Weeks
San Luis Obispo, Calif., Aug. 6 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due Aug. 31, 2018 linked to the S&P MidCap 400 index, according to a 424B2 filing 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 29.55% to 35.55%. The exact cap will be set at pricing.
If the index falls by up to 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 agent with UBS Financial Services Inc. as dealer.
The notes will price Aug. 26 and settle Aug. 31.
The Cusip number is 48127V645.
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