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JPMorgan plans 8%-10% contingent interest autocalls on Stoxx, fund
By Susanna Moon
Chicago, July 6 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 31, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% to 10% if each underlying asset 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 asset 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 asset 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 July 26.
The Cusip number is 48129MF35.
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