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JPMorgan plans capped buffered return enhanced notes tied to the Dow
By Sarah Lizee
Olympia, Wash., Oct. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due April 22, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 2 times the index return, subject to a maximum return that is expected to be at least 10.85% and will be set at pricing.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Oct. 18.
The Cusip number is 48132FPC4.
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