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JPMorgan to price contingent buffered notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., July 16 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due July 25, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level or is less than its initial level by up to 35%, the payout at maturity will be par plus the greater of the contingent minimum return and the return of the least-performing index. The contingent minimum return is expected to be at least 31% and will be set at pricing.
If the final level of any index is less than its initial level by more than 35%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price July 22.
The Cusip number is 48132C5D1.
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