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JPMorgan to price callable contingent interest notes on three indexes
By Sarah Lizee
Olympia, Wash., Dec. 18 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Dec. 27, 2019 linked to the least performing of the Russell 2000 index, S&P 500 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 9.75% to 10.75% if each underlying asset closes at or above its 70% interest barrier on the review date for that quarter.
The notes may be called in whole but not in part on any interest payment date other than the final date.
The payout at maturity will be par unless any asset finishes below its 70% trigger level, in which case investors will lose 1% for each 1% that the least-performing asset is less than its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 21.
The Cusip number is 48130WLX7.
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