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JPMorgan plans to price 0% notes due 2021 tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., June 1 – JPMorgan Chase Financial Co. LLC intends to offer 0% notes due June 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus at least 130% of the index return, with the exact participation rate to be set at pricing. If the index falls by up to 5%, investors will lose 1% for each 1% decline of the index from its initial level. If the index declines by more than 5%, investors will receive $950 per $1,000 of notes.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48129MXZ4) will price on June 29 and settle on July 5.
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