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JPMorgan plans four-year trigger PLUS with 2.4x leverage on Stoxx 50
New York, May 24 – JPMorgan Chase Financial Co. LLC plans to price 0% trigger Performance Leveraged Upside Securities due May 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus at least 240% of the gain. The exact participation rate will be set at pricing.
If the index falls but finishes at or above the 65% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on May 25 and settle three business days later.
The Cusip number is 48129N740.
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