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JPMorgan plans capped buffered equity notes tied to Dow Jones ETF
By Sarah Lizee
Olympia, Wash., Jan. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered equity notes due March 11, 2020 linked to the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Securities and Exchange.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain in the fund, up to a maximum return of 9.5% to 12.5%.
Investors will receive par if the fund falls by up to 10% and will be lose 1% for each 1% beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 27.
The Cusip number is 48130WUS8.
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