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JPMorgan to price contingent buffered digital notes on S&P, Dow
By Sarah Lizee
Olympia, Wash., May 15 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due May 27, 2021 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the contingent digital return of 7.15%.
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 May 20.
The Cusip number is 48132KJ71.
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