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JPMorgan plans uncapped return enhanced notes on S&P 500, Russell
By Tali Rackner
Minneapolis, April 24 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due April 29, 2022 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 will be guaranteed by JPMorgan Chase & Co.
If each index finishes equal to or greater than its initial level, the payout at maturity will be par plus at least 1.05 times the gain of the lesser-performing index.
Investors will receive par if either index falls by up to 30% and will lose 1% for each 1% that the lesser-performing index declines beyond the buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 25 and settle on April 28.
The Cusip number is 46646Q4L6.
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