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JPMorgan to price autocallable yield notes linked to three indexes
By Tali Rackner
Norfolk, Va., Sept. 9 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Dec. 27, 2017, linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will carry a coupon of at least 6%. The exact rate 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 any quarterly review date other than the final one.
The payout at maturity will be par unless any index closes below its trigger level, 65% of its initial level, during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed the decline of the worst-performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 21 and settle on Sept. 26.
The Cusip number is 46646EYA4.
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