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JPMorgan to price autocallable yield notes on S&P, Russell, Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 18 – JPMorgan Chase Financial Co. LLC plans to price 6.75% autocallable yield notes due Aug. 26, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly. The rate will be at least 6.75% per year and will be set at pricing.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any quarterly review date other than the final determination date.
The payout at maturity will be par plus the final coupon unless any index finishes below its initial value and any index closes below its 70% trigger value on any day during the life of the notes, in which case investors will lose 1% for each 1% decline of the worst performing asset.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 28 and settle on July 3.
The Cusip number is 48129M2Z8.
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