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JPMorgan to price enhanced trigger jump notes linked to ICE swap rate
By Sarah Lizee
Olympia, Wash., July 18 – JPMorgan Chase Financial Co. LLC plans to price 0% enhanced trigger jump securities due Aug. 22, 2019 linked to the 10-year U.S. Dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final swap rate level is at least 75% of the initial index level, the payout at maturity will be par plus the upside payment of at least 6.2%.
If the final swap rate level is less than the 75% trigger level, investors will be fully exposed to the rate’s decline from its initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on July 18 and settle three days after pricing.
The Cusip number is 46647MSH7.
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