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JPMorgan plans uncapped contingent buffered notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., March 27 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered equity notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of at least 33%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index drops by more the 25% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 28.
The Cusip number is 46646QR23.
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