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JPMorgan plans five-year protected notes on Efficiente Plus 5 index
By Marisa Wong
Madison, Wis., June 5 – JPMorgan Chase & Co. plans to price 0% notes due June 30, 2020 linked to the J.P. Morgan Efficiente Plus 5 Index (Net ER), according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 105% of any index gain, subject to a minimum settlement amount of par. The exact participation rate will be set at pricing.
The index level reflects the deduction of a fee of 0.85% per year that accrues daily.
J.P. Morgan Securities LLC is the agent.
The notes will price June 25 and settle June 30.
The Cusip number is 48125UWK4.
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