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JPMorgan plans 5.5%-7.5% yield one-year notes tied to three indexes
By Susanna Moon
Chicago, June 12 – JPMorgan Chase Financial Co. LLC plans to price 5.5% to 7.5% yield notes due July 6, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless any index closes below its trigger level, 70% of its initial level, during the life of the notes and finishes below its initial level, in which case investors will be fully exposed any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 30.
The Cusip number is 46647MGB3.
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