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JPMorgan plans dual direction contingent buffer notes on index, fund
By Susanna Moon
Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped dual directional contingent buffered return enhanced notes due Aug. 31, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus between 1.55 and 1.65 times the gain of the worse performing asset.
If either asset falls by up to the 50% contingent buffer, the payout at maturity will be par plus the absolute value of the return of the worse performing asset.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 28.
The Cusip number is 48130UBX2.
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