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JPMorgan plans contingent buffered return enhanced notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., March 1 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due March 28, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.4 times the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 50%.
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 March 29.
The Cusip number is 48130W6D8.
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