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JPMorgan plans three-year contingent interest autocallables on indexes
By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Aug. 27, 2020 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of at least 8.6% if each index closes at or above its 70% coupon barrier on the determination date for that month.
The notes will be called at par if each index closes at or above its initial level on any quarterly determination date.
The payout will be par unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 23.
The Cusip number is 46647MS46.
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