Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Cisco Systems, Inc. > News item |
JPMorgan plans 9% autocallable reverse exchangeables on VeriFone
By Susanna Moon
Chicago, Aug. 6 – JPMorgan Chase & Co. plans to price 9% upside autocallable reverse exchangeable notes due Feb. 25, 2016 linked to the least performing of the capital stock of International Business Machines Corp., the common stock of Cisco Systems, Inc., the common stock of Microsoft Corp. and the common stock of Intel Corp., according to an FWP with the Securities and Exchange Commission.
Interest will be payable monthly, with the exact rate to be set at pricing.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly call date.
The payout at maturity will be par unless any stock finishes below its 70% trigger level, in which case the payout will be a number of the worst performing shares equal to $1,000 divided by the initial share price.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 20 and settle on Aug. 25.
The Cusip number is 48127DWJ3.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.