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JPMorgan plans to price notes due 2023 linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Sept. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Sept. 29, 2023 linked to an equally weighted basket consisting of the S&P 500 index, the Euro Stoxx 50 index, the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus at least 110% of any basket gain.
If the basket declines, investors will lose 1% for every 1% that the final value is less than the initial value, provided that the payment at maturity will not be less than $950 per $1,000 note.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 48130UHY4.
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