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JPMorgan to price capped buffered return enhanced notes on basket
By Sarah Lizee
Olympia, Wash., Dec. 18 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Jan. 24, 2020 linked to a basket of the S&P 500 index with a 40% weight, the Russell 2000 index with a 30% weight and the Euro Stoxx 50 index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.5 times any gain of the basket, capped at par plus 16.4%.
If the basket falls but by no more than 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for each 1% decline of the basket beyond the 10% buffer.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 20 and settle on Dec. 26.
The Cusip number is 48130WLV1.
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