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JPMorgan plans capped enhanced participation notes tied to Euro Stoxx
By Susanna Moon
Chicago, Jan. 14 – JPMorgan Chase & Co. plans to price 0% capped enhanced participation equity notes due Feb. 19, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum settlement amount of $1,226 to $1,264 per $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on Jan. 15 and settle on Jan. 23.
The Cusip number is 48127D5U8.
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