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JPMorgan plans to sell trigger gears due 2024 linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., July 2 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due July 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.1 to 1.18 times the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by 40% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 40%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 48132E380) will price on July 26 and settle on July 31.
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