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JPMorgan plans capped buffered return enhanced notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Feb. 17, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus two times any index gain up to a maximum return of 18.5% to 22.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646QXL4) will price on Feb. 13 and settle on Feb. 28.
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