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JPMorgan plans contingent buffered digital notes on Russell 2000
By Sarah Lizee
Olympia, Wash., May 15 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due May 27, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 40%, the payout at maturity will be par plus 7.1%.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 20.
The Cusip number is 48132KJ89.
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