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Published on 4/27/2017 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest autocallables linked to two indexes

By Susanna Moon

Chicago, April 27 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 8, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of at least 7.75% if each index closes at or above its 70% coupon barrier on a review date for that month.

The notes will be called at par if each index closes at or above its initial level on Nov. 3, 2017 or Feb. 5, 2018.

The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on May 3 and settle on May 5.

The Cusip number is 46646Q7F6.


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