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Published on 6/30/2016 in the Prospect News Structured Products Daily.

JPMorgan plans trigger callable contingent yield notes on three indexes

By Marisa Wong

Morgantown, W.Va., June 30 – JPMorgan Chase Financial Co. LLC plans to price trigger callable contingent yield notes due Jan. 9, 2019 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 10% to 11% if each index closes at or above its coupon barrier, 65% of its initial level, on each day during the observation period for that quarter. The exact contingent coupon will be set at pricing.

The notes are callable at par on any quarterly observation date other than the final valuation date.

The payout at maturity will be par unless any index finishes below the 65% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes will price on July 1 and settle on July 11.

The Cusip number is 46646W367.


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