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JPMorgan plans 5.25% callable yield notes tied to two indexes, ETF
By Marisa Wong
Morgantown, W.Va., Feb. 2 – JPMorgan Chase Financial Co. LLC plans to price 5.25% callable yield notes due Feb. 11, 2019 linked to the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly. The interest rate will be at least 5.25% and will be set at pricing.
The notes are callable at par on any interest payment date other than the first and final dates.
The payout at maturity will be par unless any component finishes below its 55% trigger level, in which case investors will lose 1% for each 1% decline of the worst performer.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 3.
The Cusip number is 46646QZZ1.
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