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JPMorgan plans 9.1% yield autocallables tied to Dick’s Sporting Goods
By Susanna Moon
Chicago, Jan. 23 – JPMorgan Chase Financial Co. LLC plans to price 9.1% autocallable yield notes due Feb. 1, 2018 linked to Dick’s Sporting Goods, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the stock closes below its trigger level, 65% of its initial level, during the life of the notes and finishes below its initial level, in which case investors will be fully exposed any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 27 and settle on Feb. 1.
The Cusip number is 46646QUX1.
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