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JPMorgan to price contingent interest autocallables on three indexes
By Marisa Wong
Morgantown, W.Va., Feb. 9 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Feb. 15, 2019 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 9.35% if each index closes at or above its 70% coupon barrier on the related quarterly review date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any index falls by more than 30%, in which case investors will be fully exposed to the decline of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 12.
The Cusip number is 48129H5X1.
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