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JPMorgan eyes capped buffered return enhanced notes on index, ETF basket
By Sarah Lizee
Olympia, Wash., Feb. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due March 3, 2022 linked to a basket of the S&P 500 index with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any basket gain, up to a maximum payout of par plus at least 30%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 26.
The Cusip number is 48130W3J8.
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