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JPMorgan plans buffered return enhanced notes linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., April 21 – JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Oct. 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain.
Investors will receive par if the index falls by up to 18.65% and will lose 1% for each 1% decline beyond 18.65%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48128GWP1) will price on April 22 and settle on April 27.
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