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JPMorgan plans four-year review notes tied to Stoxx banks, financial fund
By Susanna Moon
Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Aug. 23, 2021 linked to the lesser performing of the Euro Stoxx Banks index and the Financial Select Sector SPDR Fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 14% if each underlying index closes at or above its initial level on any annual call date.
The payout will be par plus 10% unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on Aug. 18 and settle on Aug. 25.
The Cusip number is 46647MM75.
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