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JPMorgan plans contingent buffered return enhanced notes on Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due June 23, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus at least 3.19 times the gain of the index.
If the index falls by up to its 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 18 and settle on Dec. 21.
The Cusip number is 48130WLK5.
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