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JPMorgan plans contingent interest notes linked to ETF Efficiente 5
By Susanna Moon
Chicago, June 3 - JPMorgan Chase & Co. plans to price contingent interest notes due June 30, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 1.5% if the index closes at or above the initial level on any annual interest review date. Interest is payable annually.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 25 and settle on June 28.
The Cusip number is 48126NCV7.
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