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JPMorgan to price five-year review notes tied to Euro Stoxx, Russell
By Marisa Wong
Morgantown, W.Va., Feb. 13 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Feb. 17, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of at least 10.75% per year if each index closes at or above its initial level on any quarterly review date.
If the notes are not called and each index finishes at or above its 60% trigger level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index’s final level is less than its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 14.
The Cusip number is 48129H5T0.
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