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JPMorgan plans to price digital notes on S&P, Dow
By Sarah Lizee
Olympia, Wash., May 15 – JPMorgan Chase Financial Co. LLC plans to price 0% digital notes due May 27, 2021 tied to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 80% of its initial level, the payout at maturity will be par plus 8.15%
If either index finishes below 80% of its initial level by up to 60% of its initial level, the payout will be par.
If either index finishes below 60% of its initial level, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 20.
The Cusip number is 48132KJ97.
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