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JPMorgan to price digital dual directional notes tied to Kraft Heinz
By Marisa Wong
Morgantown, W.Va., April 5 – JPMorgan Chase Financial Co. LLC plans to price 0% digital dual directional contingent buffered notes due April 13, 2021 linked to Kraft Heinz Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial price or falls by up to the 30% contingent buffer, the payout will be par plus 20.15%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 8.
The Cusip number is 48132CBB8.
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