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JPMorgan plans enhanced trigger jump notes on gold, silver, palladium
By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – JPMorgan Chase Financial Co. LLC plans to price 0% enhanced trigger jump securities due May 7, 2020 linked to an equally-weighted basket of gold, silver and palladium, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final basket level is at least 85% of the initial index level, the payout at maturity will be par of $10 plus the greater of the basket return and the upside payment of 10%.
If the final basket level is less than 85% of the initial basket level, investors will be fully exposed to the basket’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 4.
The Cusip number is 46646E5Q1.
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