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JPMorgan plans five-year trigger gears with no cap tied to Stoxx 50
By Susanna Moon
Chicago, April 11 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due April 29, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.1 times to 2.2 times any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on April 26 and settle on April 28.
The Cusip number is 48129F473.
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