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JPMorgan plans 7.5% yield autocalls due 2019 tied to three indexes
By Susanna Moon
Chicago, Dec. 18 – JPMorgan Chase Financial Co. LLC plans to price 7.5% autocallable yield notes due Jan. 3, 2019 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly, with the exact rate to be set at pricing.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either index closes below its 70% trigger 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 worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 28 and settle on Jan. 3.
The Cusip number is 48129HUV7.
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