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JPMorgan plans to price five-year trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 8 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger gears due June 14, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is greater than zero, the payout at maturity will be par of $10 plus at least 1.375 times the index gain.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on June 9.
The Cusip number is 48129G729.
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