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JPMorgan plans five-year notes on S&P Economic Cycle Factor Rotator
By Sarah Lizee
Olympia, Wash., Dec. 17 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due Dec. 22, 2023 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, the payout at maturity will be par plus the index gain, with a minimum payout of par plus 9%.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 19.
The Cusip number is 48130WLN9.
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