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JPMorgan plans buffered PLUS with 37.15% cap linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 9 - JPMorgan Chase & Co. plans to price 0% buffered Performance Leveraged Upside Securities due Oct. 28, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 1.3 times any index gain, up to a maximum return of 37.15%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as the dealer.
The notes will price on April 25.
The Cusip number is 48127F798.
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