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JPMorgan plans capped buffered return enhanced notes on S&P 500
By Susanna Moon
Chicago, June 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due June 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain up to a maximum return of 15%.
Investors will receive par if the index falls by up to 22% and will lose 1% for each 1% decline beyond 22%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 26.
The Cusip number is 48129M2K1.
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