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JPMorgan plans uncapped buffered return enhanced notes on Euro Stoxx
By Devika Patel
Knoxville, Tenn., March 23 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped buffered return enhanced notes due March 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus at least 1.6 times any index gain. The exact participation rate will be set at pricing.
If the index declines by up to 40%, the payout will be par. Investors will lose 1% for each 1% decline beyond 40%.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129MFR2) will price March 26 and settle April 3.
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