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JPMorgan plans leveraged notes with 95% floor tied to Stoxx 50
By Susanna Moon
Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Nov. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial level, the payout at maturity will be par plus at least 165% of the gain.
If the asset falls, the payout will be par plus the return with a minimum payout of 95% of par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 30.
The Cusip number is 48130WAJ0.
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