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JPMorgan plans uncapped contingent buffered notes tied to two indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered equity notes due Oct. 29, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus at least the contingent minimum return of 27% plus 1.25 times any return of the worse performing index beyond 27%.
If either index falls by up to the 30% contingent buffer, the payout will be par.
If either index falls by more 30%, investors will be fully exposed to any losses of the worse performing index.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 46646EN57.
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