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JPMorgan aims to price capped gears due 2020 linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 22 – JPMorgan Chase Financial Co. LLC plans to price 0% capped gears due Sept. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum gain of 23.25% to 25.75%. The exact cap will be set at pricing.
If the index return is negative, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 48132E265) will price on July 29 and settle on July 31.
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