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JPMorgan plans capped buffered return enhanced notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Feb. 26, 2021 tied 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.
If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum return of 19.75% to 23.75%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price Feb. 28.
The Cusip number is 48130WWP2.
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