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JPMorgan plans buffered return enhanced notes tied to Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., July 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Aug. 23, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return of 13.1%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index may decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price July 15.
The Cusip number is 46646EPD8.
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