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Published on 7/23/2019 in the Prospect News Structured Products Daily.

JPMorgan to price capped enhanced participation notes on index basket

By Sarah Lizee

Olympia, Wash., July 23 – JPMorgan Chase Financial Co. LLC plans to price 0% capped enhanced participation notes due Oct. 23, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 3 times any basket gain, up to a maximum payout that will fall between $1,396.60 and $1,465.60 per $1,000 of notes and will be set at pricing.

Investors will lose 1% for each 1% decline of the basket from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48132C7E7) will price on July 31.


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