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JPMorgan to price digital dual directional notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 15 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due Feb. 22, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is at least 85% of the initial index level, the payout at maturity will be par plus 8.2%. Otherwise, investors will have one-to-one exposure to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price Nov. 18.
The Cusip number is 46646QAL9.
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