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JPMorgan plans one-year review notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 7 – JPMorgan Chase & Co. plans to price 0% review notes due July 27, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 12.85% if the index closes at or above its initial level on any of four quarterly review dates.
The payout at maturity will be par unless the index falls by more than the contingent buffer of 20%, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 10 and settle on July 15.
The Cusip number is 48125UZS4.
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