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JPMorgan to price capped buffered return enhanced notes on Russell
By Sarah Lizee
Olympia, Wash., July 15 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Jan. 29, 2021 linked to the Russell 2000 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 that is expected to be 13% to 17% and will be set at pricing.
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 July 31.
The Cusip number is 48132C2J1.
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