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JPMorgan plans buffered digital relative performance notes on indexes
By Susanna Moon
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered digital notes due Oct. 3, 2019 linked to the relative performance of the Euro Stoxx 50 index and 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 return of the Stoxx index, or the long index, finishes at or above the S&P index, or the short index, the payout at maturity will be par plus a fixed return of at least 19.2%.
If the long index finishes at a level below the short index but the relative return is less than or equal to 5%, the payout will be par.
Otherwise, the payout will be par plus the relative return plus the 5% buffer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 29 and settle on Oct. 4.
The Cusip number is 46647MND1.
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