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JPMorgan plans contingent interest autocallables tied to indexes, fund
By Susanna Moon
Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Sept. 2, 2022 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.25% if each underlying index or fund closes at or above its 67% coupon barrier on the determination date for that month.
The notes will be called at par if each underlying component closes at or above its initial level on any review date.
The payout will be par unless either underlying component finishes below its 67% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 30.
The Cusip number is 46647MV34.
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