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JPMorgan to sell capped return enhanced notes linked to index basket
By Devika Patel
Knoxville, Tenn., Oct. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% capped return enhanced notes due Nov. 15, 2019 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the Russell 2000 index.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum payout that is expected to be at least 16% and will be set at pricing. Investors will receive par if the basket remains flat and lose 1% for each 1% decline of the basket from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130U5L5) will price on Oct. 12 and settle on Oct. 17.
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