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JPMorgan eyes contingent buffered return enhanced note on fund, index
By Devika Patel
Knoxville, Tenn., March 27 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped contingent buffered return enhanced notes due March 31, 2022 linked to the least 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 will be guaranteed by JPMorgan Chase & Co.
If the final value of each underlying is positive, the payout at maturity will be par plus an upside leverage factor of at least 2.33 times any gain in the lesser performing underlying. The exact upside leverage factor will be set at pricing.
If either underlying declines, but both underlyings remain above 50% of their initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlying from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129HZ34) will price on March 28 and settle on April 3.
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