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JPMorgan eyes contingent buffered return enhanced notes on S&P, Nasdaq
By Sarah Lizee
Olympia, Wash., Aug. 19 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Aug. 28, 2023 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, 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 1.37 times the gain of the worse performing index.
If either index falls but by no more than 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. 23.
The Cusip number is 48132FCJ3.
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