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JPMorgan to price enhanced participation notes tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., June 29 – JPMorgan Chase Financial Co. LLC plans to price 0% enhanced participation equity notes due July 7, 2021 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 return is positive, the payout at maturity will be par plus 3.25 to 3.5 times the index return, with exact participation rate to be set at pricing.
If the index return is negative, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129M5C6) will price July 2 and settle July 10.
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