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JPMorgan plans buffered return enhanced notes due 2020 on Invesco
By Susanna Moon
Chicago, July 5 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered return enhanced notes due July 16, 2020 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 2 times any index gain, up to a maximum return of at least 20%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the 10% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 11.
The Cusip number is 48129M7J9.
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