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JPMorgan plans dual directional contingent notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., May 14 – JPMorgan Chase Financial Co. LLC plans to price 0% capped dual directional contingent buffered equity notes due June 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 7%. If the final index level is less than the initial index level by up to 19.7%, the payout will be par plus the absolute value of the index return. If the final index level is less than the initial index level by more than 19.7%, investors will lose 1% for every 1% that the index declines from the initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price May 17.
The Cusip number is 48132CNF6.
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