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JPMorgan plans contingent buffered return enhanced notes linked to Euro Stoxx Banks index
New York, June 27 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered return enhanced notes due Jan. 2, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus at least 1.44 times the gain. The exact upside leverage factor will be set at pricing.
If the index falls by up to the 25% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on June 29 and settle on July 5.
The Cusip number is 48129M5F9.
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