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JPMorgan plans contingent coupon autocallables tied to index, funds
By Susanna Moon
Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC plans to price contingent coupon autocallable yield notes due Jan. 31, 2019 linked to the least performing of the Nasdaq-100 index, the SPDR S&P MidCap 400 exchange-traded fund trust and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of at least 9.8% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final date.
The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 27 and settle on Feb. 1.
The Cusip number is 46646QWM3.
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