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JPMorgan eyes contingent buffered return enhanced notes on Financial Select
By Sarah Lizee
Olympia, Wash., Nov. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% capped contingent buffered return enhanced notes due Nov. 28, 2023 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.238 times any gain in the ETF.
Investors will receive par if the ETF falls by up to 25% and will be fully exposed to the decline in the ETF if it falls by more than 25%.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 22.
The Cusip number is 48132FT55.
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