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JPMorgan plans contingent buffered digital notes tied to index, fund
By Sarah Lizee
Olympia, Wash., March 28 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered digital notes due Oct. 22, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes at or above 75% of its initial level, the payout at maturity will be par plus the contingent digital return of at least 13.35%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 18.
The Cusip number is 48130WQ20.
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