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JPMorgan to price trigger PLUS tied to worst of Dow, Russell, S&P
New York, July 17 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger Performance Leveraged Upside Securities due July 25, 2022 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and 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 final level of the worst performing index is greater than its initial level, the payout at maturity will be par of $10 plus at least 207% of the gain.
If the worst performing index declines but ends above its trigger level, 70% of its initial level, then the payout will be par.
Otherwise investors will lose 1% for each 1% decline in the worst performing index from its initial level.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on July 20 and settle three business days later.
The Cusip number is 48129G398.
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