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Published on 1/22/2020 in the Prospect News Structured Products Daily.

JPMorgan eyes contingent buffered return enhanced notes on Stoxx, FTSE

By Sarah Lizee

Olympia, Wash., Jan. 22 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes with trigger event due Jan. 28, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event will occur if the final value of either index is less than its initial level by more than the contingent buffer amount, which is 40% of each index’s initial level.

If a trigger event has not occurred and the better performing index finishes above its initial level, the payout will be par plus 1.8 times the better performing index’s return.

If a trigger event has not occurred and the better performing index is equal to or less than its initial level by up to the contingent buffer, the payout will be par.

If a trigger event has occurred, the payout will be par plus the return of the lesser performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 23.

The Cusip number is 48132HVB5.


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