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JPMorgan plans trigger callable contingent yield notes on three indexes
By Marisa Wong
Morgantown, W.Va., Oct. 13 – JPMorgan Chase Financial Co. LLC plans to price trigger callable contingent yield notes with daily coupon observation due Oct. 18, 2018 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 at least 12.15% if each index closes at or above its coupon barrier, 70% of its initial level, on each day during the observation period for that quarter.
The notes are callable at par on any quarterly observation date other than the final date.
The payout at maturity will be par unless any index finishes below its 70% 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 Oct. 14.
The Cusip number is 46646X118.
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