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JPMorgan plans contingent yield trigger autocallables tied to indexes
By Susanna Moon
Chicago, July 19 – JPMorgan Chase Financial Co. LLC plans to price trigger autocallable contingent yield notes due Aug. 3, 2026 linked to the lesser performing of the MSCI EAFE index and the Russell 2000 index, according to an FWP 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 7.2% to 8.2% if each index closes at or above its coupon barrier – 70% of its initial level – on an observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above the initial level on any observation date after one year.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 50% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on July 27 and settle on July 29.
The Cusip number is 46646W128.
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