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JPMorgan to price contingent buffered notes on WTI crude oil futures
By Marisa Wong
Morgantown, W.Va., Feb. 15 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered notes due March 8, 2019 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final contract price is greater than or equal to the initial price or less than the initial price by up to 25%, the payout at maturity will be par plus the greater of the contract return and the contingent minimum return, which will be at least 9.6%.
If the contract price falls by more than 25%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 16.
The Cusip number is 46647MQS5.
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