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JPMorgan plans capped buffered return enhanced notes linked to Stoxx
By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.3 times the index return, up to a maximum return of 90%, or $1,900 per $1,000 of notes.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 28 and settle on Dec. 31.
The Cusip number is 48128GFN5.
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