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Published on 7/11/2019 in the Prospect News Structured Products Daily.

JPMorgan plans to price autocallable notes due 2022 on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 11 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable notes due July 15, 2022 linked to the Russell 2000 index and the 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 be called at par plus an annual premium of at least 11% if each index closes at or above its initial level on any annual observation date. The call level will equal the initial level on the first observation date and will step down by 5% each year.

The payout at maturity will be par unless either index finishes below the 70% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 12.

The Cusip number is 48132C5B5.


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