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JPMorgan plans capped buffered enhanced participation notes on EAFE
By Sarah Lizee
Olympia, Wash., Jan. 28 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Aug. 5, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount that is expected to fall between $1,189.30 and $1,222 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index stays flat or falls by up to 5% and will lose 1.0526% for each 1% decline in the index beyond 5%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130WUA7) will price on Feb. 1.
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