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JPMorgan to price contingent buffered digital notes on S&P, Russell
By Marisa Wong
Morgantown, W.Va., Nov. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due Nov. 22, 2023 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.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the contingent digital return, which is expected to be at least 69.5% and will be set at pricing.
If neither index finishes below its initial level by more than 30%, the payout will be par.
If the final level of either index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 17.
The Cusip number is 48129HPM3.
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