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JPMorgan plans contingent buffered autocalls tied to Stoxx, Russell
By Susanna Moon
Chicago, Aug. 6 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent buffered equity notes due Aug. 31, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of at least 13% if each index closes at or above its initial level on an annual review date other than the final date.
The payout at maturity will be par plus any gain of the worse performing index.
Investors will receive par if either index falls by up to 50%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index if it falls by more than its 50% contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 48129MV94.
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