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JPMorgan to price capped buffered enhanced notes on Stoxx, MSCI EAFE
By Sarah Lizee
Olympia, Wash., June 20 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due May 29, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes above its initial level, the payout at maturity will be par plus at least 2 times any gain of the worse performing underlying component, subject to a maximum return of 30%.
If either underlying component falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing underlying component beyond 15%.
The agent is J.P. Morgan Securities LLC.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on June 29 and settle on July 5.
The Cusip number is 48129HMX2.
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