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JPMorgan plans buffered return enhanced notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 30 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Sept. 30, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 15% to 19% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Sept. 25 and settle Sept. 30.
The Cusip number is 48126NQP5.
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