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JPMorgan plans review notes due 2022 tied to Euro Stoxx 50, Russell
By Sarah Lizee
Olympia, Wash., Aug. 2 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Sept. 16, 2022 linked to the worse performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of at least 9% if each index closes at or above its initial level on the first three annual review dates and at or above its 70% trigger level on the final review date.
If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 24 and settle on Aug. 31.
The Cusip number is 48129MS80.
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