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JPMorgan to price buffered digital notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., May 18 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due June 3, 2022 linked to the least performing of the S&P 500 index and the Russell 2000, 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 the contingent digital return of 20%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 29.
The Cusip number is 48132KM36.
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