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JPMorgan plans to price digital notes tied to Russell 2000, S&P 500
By Sarah Lizee
Olympia, Wash., May 31 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due July 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus a fixed return of between 7% and 9%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 29 and settle on July 5.
The Cusip number is 48129MXP6.
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