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JPMorgan plans 6% yield autocalls due 2019 tied to fund, two indexes
By Susanna Moon
Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC plans to price 6% autocallable yield notes due April 26, 2019 linked to the least performing of the Euro Stoxx 50 index, the PowerShares QQQ Trust, series 1 and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly, with the exact rate to be set at pricing.
The notes will be called at par if each component closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any underlying component finishes below its initial level and ever closes below its 67% trigger level during the life of the notes, in which case investors will be fully exposed any losses of the worst performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 22 and settle on Jan. 25.
The Cusip number is 48129HK55.
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