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JPMorgan plans uncapped buffered return enhanced notes on Euro Stoxx
By Sarah Lizee
Olympia, Wash., July 31 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial value, the payout at maturity will be par plus at least 200% of any index gain. The exact participation rate will be set at pricing.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129MU46) will price Aug. 31 and settle Sept. 6.
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