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JPMorgan plans digital notes due 2020 tied to Turkish lira vs. dollar
By Susanna Moon
Chicago, March 4 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due March 23, 2020 linked to the performance of the Turkish lira relative to the dollar, according to a 424B2 filed with the Securities and Exchange Commission.
If the Turkish lira gains against the dollar or falls by up to its 150% trigger level, the payout at maturity will be par plus the digital return of at least 11.55%.
Otherwise, investors will be exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 5.
The Cusip number is 48130UQM0.
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