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JPMorgan plans digital notes linked to worse of WTI crude oil, copper
By Marisa Wong
Morgantown, W.Va., Jan. 4 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due Jan. 22, 2018 linked to the lesser performing of a WTI crude oil futures contract and grade A copper, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying asset finishes at or above its 70% trigger level, the payout at maturity will be par plus the contingent digital return of at least 8%.
If either underlying finishes below its trigger level, investors will lose 1% for each 1% decline of the lesser performing asset.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 5.
The Cusip number is 46646QTN5.
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