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JPMorgan plans five-year contingent buffered notes on two indexes
By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Aug. 31, 2023 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial, the payout at maturity will be par plus triple the gain of the worse performing asset up to a maximum return of at least 68%.
If either asset falls by up to the 40% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 31.
The Cusip number is 48129MY91.
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