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JPMorgan plans four-year buffered digital notes linked to the Dow
By Susanna Moon
Chicago, July 31 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Aug. 31, 2022 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the digital percentage of at least 24%.
Otherwise, investors will be exposed to any losses beyond the 15% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 28.
The Cusip number is 48129MT71.
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