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JPMorgan plans 7.25%-9.25% contingent interest autocalls index, fund
By Susanna Moon
Chicago, Jan. 5 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 31, 2025 linked to the lesser performing the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.25% to 9.25% if each underlying component closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each underlying component closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless either component falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index or fund beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 48129HH42.
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