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JPMorgan plans trigger jump securities linked to Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 19 – JPMorgan Chase & Co. plans to price 0% trigger jump securities due March 2, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of any gain and an upside payment of at least $1.50.
If the index finishes falls by up to the 90% trigger level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 48127R289) will price on Feb. 27.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
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