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JPMorgan plans autocallable yield notes linked to Nasdaq-100, Russell
By Angela McDaniels
Tacoma, Wash., Jan. 17 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due April 27, 2020 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The interest rate is expected to be at least 10.35% per year and will be set at pricing. Interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on July 22, 2019, Oct. 22, 2019 or Jan. 22, 2020.
The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed the decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price Jan. 22.
The Cusip number is 48130WSY8.
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