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JPMorgan plans trigger autocallable contingent yield notes linked to S&P 500, MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, June 15 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due June 30, 2026 linked to the lesser performing of the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent quarterly coupon at an annual rate of 7.1% to 8.1% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
After one year, the notes will be automatically called at par if each index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the lesser-performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on June 28 and settle on June 30.
The Cusip number is 46646W474.
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