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JPMorgan reports plans to price notes due 2022 linked to index basket
By Devika Patel
Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% notes due July 7, 2022 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket components are the Euro Stoxx 50 index with a 40% weight, the FTSE 100 Index with a 20% weight, the Topix index with a 20% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 10% weight.
If the basket return positive, the payout at maturity will be par plus at least 125% of the basket return, with the exact participation rate to be set at pricing.
If the basket falls, investors will lose 1% for each 1% decline of the basket from its initial level, subject to a minimum payment of $925 per $1,000 principal amount.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 48132FPT7) will price on Oct. 1 and settle on Oct. 4.
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