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JPMorgan plans to price capped notes on basket of three indexes
By Sarah Lizee
Olympia, Wash., Aug. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% capped notes due Aug. 30, 2024 linked to an equally weighted basket of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any basket gain, subject to a cap of at least 70%. If the basket falls, the payout will be par plus the return of the basket, subject to a minimum payout of 95% of par.
The agent is J.P. Morgan Securities LLC.
The notes will price on Aug. 30.
The Cusip number is 48132CL43.
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