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JPMorgan plans autocallable yield notes linked to Nasdaq, Russell, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 28 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due May 22, 2020 linked to the least performing of the Euro Stoxx 50 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The interest rate is expected to be at least 8% per year and will be set at pricing. Interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless any index closes below its trigger level, 65% of its initial level, during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed the decline of the least-performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price Feb. 19.
The Cusip number is 48130WTT8.
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