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JPMorgan plans contingent buffered notes on iShares EAFE, Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Nov. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying finishes above its initial level, the payout at maturity will be par plus at least 2.05 times the gain of the worse performing component.
If either underlying falls but neither falls by more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 27.
The Cusip number is 48129HLN5.
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