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JPMorgan eyes uncapped buffered return enhanced notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., May 8 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due May 31, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus at least 1.15 times any gain of the worse performing index. The exact upside leverage factor will be set at pricing.
If either index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 28.
The Cusip number is 48132CJB0.
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