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JPMorgan plans trigger return optimization notes linked to S&P 500
By Susanna Moon
Chicago, March 23 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due March 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 28.5% to 30.5%. The exact cap will be set at pricing.
If the index falls by up to the 75% 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 on March 24 and settle on March 30.
The Cusip number is 48128B796.
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