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JPMorgan plans two-year capped buffer gears tied to S&P 500
By Susanna Moon
Chicago, March 23 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffer gears due March 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of 18.5% to 21.5%.
If the index falls by up to its downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
The notes will price on March 26.
The Cusip number is 48129L561.
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