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JPMorgan plans leveraged notes with cap, 90% floor on three indexes
By Susanna Moon
Chicago, March 5 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due March 28, 2024 linked to a basket consisting of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, equally weighted, 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 at least 130% of the gain.
If the basket falls by up to 10%, the payout will be par.
Otherwise, the payout will be par plus the return with a minimum payout of 90% of par.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 29.
The Cusip number is 48130W5P2.
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