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JPMorgan plans to issue two-year digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 27 – JPMorgan Chase & Co. plans to price 0% digital notes due Sept. 13, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus a return of at least 21.25%. The exact digital return will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 8 and settle on Sept. 11.
The Cusip number is 48125UT69.
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