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JPMorgan plans capped dual direction buffered notes on index, fund
By Susanna Moon
Chicago, Nov. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional buffered return enhanced notes due Dec. 10, 2020 linked to the lesser performing of the iShares MSCI EAFE ETF 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 at least 1.10 times the gain of the worse performing asset.
If either asset falls by up to the 15% buffer, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 7.
The Cusip number is 48130WJG7.
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