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JPMorgan plans uncapped contingent buffered notes linked to indexes
By Devika Patel
Knoxville, Tenn., Dec. 20 – JPMorgan Chase Financial Co. LLC plans to price uncapped contingent buffered equity notes due Dec. 31, 2021 linked to the lesser performing of 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 the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus 1.9 times the return of the lesser-performing index.
Investors will receive par if the lesser-performing index falls by up to 40% and will lose 1% for each 1% decline of the lesser-performing index if it falls by more than the 40% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646QGB5) will price on Dec. 27 and settle on Dec. 30.
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