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JPMorgan plans contingent buffered return enhanced notes on indexes
By Sarah Lizee
Olympia, Wash., Nov. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Nov. 30, 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.
If each index finishes above 120% of its initial level, the payout will be par plus 1.2 times any return of the lesser performing index above 20%.
If each index gains by up to 120% of its initial level or falls by up to 40%, the payout will be par plus 20%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 30 and settle on Dec. 5.
The Cusip number is 48130UY82.
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