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JPMorgan plans contingent buffered notes linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., April 1 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered equity notes due April 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the greater of the contingent minimum return and the ETF return. The contingent minimum return is expected to be 37% to 42% and will be set at pricing. If the ETF declines by up to 25%, the payout will be par. If the ETF declines by more than 25%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price April 26.
The Cusip number is 48128GSH4.
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