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JPMorgan plans review notes linked to Euro Stoxx 50, FTSE 100
By Wendy Van Sickle
Columbus, Ohio, Feb. 27 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due March 5, 2020 linked to the lesser performing of the FTSE 100 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 be called at par plus a call premium if each index closes at or above its initial level on any annual call date. The call premium is expected to be at least 9.25% per year and will be set at pricing.
If the notes are not called and the final level of each index is greater than or equal to its trigger value, 50% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price March 1.
The Cusip number is 46646QLQ6.
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