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JPMorgan to price notes on dollar vs. basket of euro, sterling, yen
By Marisa Wong
Morgantown, W.Va., May 11 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due May 18, 2020 linked to the performance of the U.S. dollar relative to an equally weighted basket of three currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the euro, the British pound sterling and the Japanese yen. The spot rate will be expressed as a number of dollars per euro or pound and as a number of yen per dollar.
The payout at maturity will be par plus the additional amount, which is equal to 242% of the basket return, subject to a minimum payout of par.
J.P. Morgan Securities LLC is the agent.
The notes will price May 14.
The Cusip number is 46647MRR6.
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