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JPMorgan plans uncapped contingent buffer notes tied to S&P 500
By Susanna Moon
Chicago, June 1 – JPMorgan Chase Financial Co. LLC plans to price contingent buffered equity notes due June 30, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of between 18% and 20%.
If the index falls by up to 20%, the payout will be par.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on June 27 and settle on June 30.
The Cusip number is 46647MKQ5.
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