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JPMorgan plans two-year trigger PLUS with cap tied to Euro Stoxx 50
By Susanna Moon
Chicago, July 13 – JPMorgan Chase & Co. plans to price 0% trigger Performance Leveraged Upside Securities due July 18, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of at least 25%.
If the index falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 14, and the initial index level will be the closing level of the index on the strike date of July 13.
The Cusip number is 48127V603.
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