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JPMorgan plans dual directional contingent buffered notes on S&P 500
By Susanna Moon
Chicago, Feb. 1 – JPMorgan Chase & Co. plans to price 0% capped dual directional contingent buffered return enhanced notes due Feb. 22, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of at least 34%. The exact cap will be set at pricing.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 19 and settle on Feb. 26.
The Cusip number is 48128GLF5.
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