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JPMorgan plans dual directional contingent buffered notes on Euro Stoxx
By Susanna Moon
Chicago, Aug. 14 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered equity notes due Sept. 2, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the index return, up to a maximum return of 12.15%.
If the index falls by up to the 12.15% contingent buffer, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 15 and settle on Aug. 20.
The Cusip number is 48127DXH6.
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