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JPMorgan plans uncapped buffered return enhanced notes on basket
By Sarah Lizee
Olympia, Wash., Aug. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Sept. 5, 2024 linked to a basket of the S&P 500 index with an 60% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above its initial level, the payout at maturity will be par plus at least 1.2425 times any gain of the basket.
If the basket falls but by no more than 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket beyond the 15% buffer.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 30.
The Cusip number is 48132FEC6.
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