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JPMorgan intends to price PLUS due 2021 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., July 16 – JPMorgan Chase Financial Co. LLC plans to price 0% Performance Leveraged Upside Securities due Nov. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 17%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the index’s decline.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price July 17.
The Cusip number is 48132L558.
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