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JPMorgan plans contingent buffer digital notes tied to three indexes
By Susanna Moon
Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due Dec. 28, 2023 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus a fixed return of at least 85%.
If any index falls but by no more than the 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 22.
The Cusip number is 46647M4Q3.
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