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JPMorgan plans contingent buffered equity notes on Euro Stoxx Banks
By Jennifer Chiou
New York, July 30 – JPMorgan Chase & Co. plans to price 0% contingent buffered equity notes due Feb. 3, 2016 linked to the Euro Stoxx Banks index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls by up to the 13% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 48127DUS5) are expected to price on Aug. 1 and settle on Aug. 6.
J.P. Morgan Securities LLC is the agent.
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