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JPMorgan plans capped buffered return enhanced notes tied to basket
By Sarah Lizee
Olympia, Wash., Sept. 7 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Oct. 1, 2020 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, up to a maximum return of 15.25% to 17.25%. Investors will receive par if the basket declines by 15% or less and will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48130UJH9) will price on Sept. 26 and settle on Oct. 1.
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