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JPMorgan plans capped buffered return enhanced notes tied to EAFE ETF
By Angela McDaniels
Tacoma, Wash., Dec. 20 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due June 30, 2021 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 the initial share price, the payout at maturity will be par plus two times the ETF return, subject to a maximum return that is expected to be 10% to 14% and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Dec. 27.
The Cusip number is 48132HEA6.
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