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JPMorgan plans trigger callable contingent yield notes tied to indexes
By Susanna Moon
Chicago, May 18 – JPMorgan Chase Financial Co. LLC plans to price trigger callable contingent yield notes due May 29, 2018 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 13.75% to 15.75% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that quarter. The exact contingent coupon will be set at pricing.
The notes are callable at par on any quarterly observation date other than the final valuation date.
The payout at maturity will be par unless any index finishes below the 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price on May 20 and settle on May 27.
The Cusip number is 46646W789.
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