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JPMorgan plans enhanced trigger jump notes tied to WTI Crude Oil
By Susanna Moon
Chicago, Oct. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% enhanced trigger jump securities due April 16, 2020 linked to the WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of crude finishes at or above its 75% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain and the fixed return of at least 14.1%.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 12.
The Cusip number is 48130UPD1.
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