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JPMorgan plans uncapped contingent buffer notes tied to two indexes
By Susanna Moon
Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Sept. 30, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.73 times the gain of the worse performing index.
If either index falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 26.
The Cusip number is 46647M3P6.
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