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JPMorgan to issue uncapped dual directional buffered notes on indexes
By Emma Trincal
New York, Aug. 15 – JPMorgan Chase Financial Co. LLC plans to issue 0% uncapped dual directional buffered return enhanced notes due Aug. 14, 2025 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus at least 109.25% of the return of the worst performing index. The exact participation rate will be set at pricing.
If the worst performing index falls by up to 20%, the payout will be par plus the absolute value of the return of that index.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes were expected to price on Aug. 11 and to settle on Aug. 16.
The Cusip number is 48133YN83.
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