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JPMorgan plans two-year digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 15 - JPMorgan Chase & Co. plans to price 0% digital notes due April 21, 2016 linked to the Euro Stoxx 50 index, converted into dollars, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% trigger level, the payout at maturity will be par plus the threshold settlement amount of $1,107.50 to $1,122.50 for each $1,000 principal amount. The exact digital return will be set at pricing.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 16 and settle on April 23.
The Cusip number is 48127DEQ7.
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