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JPMorgan plans buffered return enhanced notes linked to Russell 2000
By Susanna Moon
Chicago, May 11 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due May 31, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 23% to 27%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 48128GXP0.
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