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JPMorgan plans four-year review notes tied to S&P, Russell and Dow
New York, May 14 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due June 6, 2023 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12% per year if each index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par plus 10% unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline 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 1 and settle on June 8.
The Cusip number is 48129MTQ9.
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