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JPMorgan plans callable contingent interest notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., March 12 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due Sept. 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 5% to 5.5% if each index closes at or above its 60% coupon barrier on each day during that quarter.
The notes are callable at par on any quarterly determination date other than the first and final dates.
The payout will be par unless any index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 26.
The Cusip number is 48130WG47.
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