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JPMorgan plans digital notes linked to 10-year dollar ICE swap rate
By Susanna Moon
Chicago, July 27 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Aug. 17, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 60% threshold level, the payout at maturity will be par plus the 7.75% contingent digital return.
Otherwise, investors will lose 1.6667% for each 1% decline beyond 40%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 29 and settles on Aug. 3.
The Cusip number is 46646EQW5.
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