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JPMorgan to price insight notes tied to 5G thematic stock basket
By Marisa Wong
Los Angeles, March 11 – JPMorgan Chase Financial Co. LLC plans to price 0% insight notes due May 5, 2022 linked to the J.P. Morgan quest 5G thematic basket (Mar 2021) of 29 unequally weighted reference stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks represent 29 U.S.-listed companies associated with the ongoing roll-out of fifth-generation wireless technologies.
The basket consists of Apple Inc., Qualcomm Inc., Verizon Communications Inc., Intel Corp., AT&T Inc., Cisco Systems, Inc., Xilinx, Inc., Micron Technology, Inc., Broadcom Inc. and Keysight Technologies, Inc., each with a 6.13% weight; NXP Semiconductors NV with a 4.06% weight; Qorvo, Inc. with a 3.80% weight; SBA Communications Corp. with a 3.51% weight; Charter Communications, Inc. with a 3.11% weight; Crown Castle International Corp. with a 2.78% weight; DISH Network Corp. with a 2.72% weight; Skyworks Solutions, Inc. with a 2.21% weight; iQIYI, Inc. with a 2.16% weight; Amphenol Corp. with a 1.95% weight; Corning Inc. with a 1.79% weight; Cadence Design Systems, Inc. with a 1.58% weight; VMware, Inc. with a 1.57% weight; Juniper Networks, Inc. with a 1.28% weight; Synopsys, Inc. with a 1.27% weight; Ansys, Inc. with 1.20% weight; Fortinet, Inc. with 1.14% weight; ON Semiconductor Corp. with a 0.98% weight; Altice USA, Inc. with a 0.96% weight; and Liberty Global plc with a 0.63% weight.
The payout at maturity will be par plus the basket return minus a basket deduction of 1.5%. If the basket does not gain by at least 1.5%, investors will receive less than par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price on March 26.
The Cusip number is 48129KAU4.
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