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JPMorgan to price contingent buffered notes linked to Euro Stoxx Banks
By Angela McDaniels
Tacoma, Wash., June 24 – JPMorgan Chase & Co. plans to price 0% contingent buffered equity notes due Dec. 29, 2015 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index finishes flat or falls by up to 12.5%, the payout will be par. If the index falls by more than 12.5%, investors will be fully exposed to the index’s decline from the initial level.
The final index level will be the average of the index’s closing levels on the five trading days ending Dec. 23, 2015.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price June 27 and settle July 2.
The Cusip number is 48127DNK0.
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