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JPMorgan plans contingent buffered digital notes tied to Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due Sept. 29, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 65% of its initial level, the payout at maturity will be par plus the contingent 6.75% digital return.
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. 24.
The Cusip number is 48132M5E7.
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