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JPMorgan plans buffered return optimization notes tied to Euro Stoxx
By Marisa Wong
Madison, Wis., June 5 – JPMorgan Chase & Co. plans to price 0% buffered return optimization securities due June 30, 2017 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 plus 1.5 times any index gain, up to a maximum return of 18.5% to 22.5%.
Investors will receive par if the shares fall by up to 10% and will be exposed to losses beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes are expected to price June 26 and settle June 30.
The Cusip number is 48127X492.
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