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Published on 6/25/2018 in the Prospect News Structured Products Daily.

JPMorgan plans 10.1% contingent interest callables on three indexes

By Susanna Moon

Chicago, June 25 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due July 1, 2019 linked to the least performing of the S&P 500 Total Return index, the Euro Stoxx 50 Net Return index and the MSCI Daily TR Net Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.1% if each index closes at or above its 70% coupon barrier on the review date for that quarter.

The notes are callable at par on any review date other than the final date.

The payout at maturity will be par unless any underlying index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 48129M4M5.


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