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JPMorgan plans to price yield notes linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Nov. 4 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Nov. 20, 2017 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly at an annualized rate of at least 6.75%.
The payout at maturity will be par unless either index finishes below its initial level and either index has closed below its 70% trigger level any day during the life of the notes, in which case investors will be fully exposed to the loss of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 15 and settle on Nov. 18.
The Cusip number is 46646E6F4.
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