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JPMorgan plans 8.15% contingent interest autocalls tied to Amazon
By Susanna Moon
Chicago, Aug. 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 14, 2019 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.15% if the stock closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 8.
The Cusip number is 48130UAA3.
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