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JPMorgan to price digital notes due 2020 tied to Nasdaq, S&P
By Sarah Lizee
Olympia, Wash., Jan. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Feb. 28, 2020 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus a fixed return of between 10.75% and 14.75%.
If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.
Otherwise, investors will be fully exposed to any decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 31.
The Cusip number is 48130WQP9.
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