JPMorgan plans contingent interest notes linked to ETF Efficiente 5

By Marisa Wong

Madison, Wis., Sept. 3 - JPMorgan Chase & Co. plans to price contingent annual interest notes due Sept. 30, 2019 linked to the JPMorgan ETF Efficiente 5 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a coupon of at least 2% if the index closes at or above the initial level on any annual interest review date. Interest is payable annually.

The payout at maturity will be par plus at least 100% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

The index level reflects the deduction of a fee of 0.5% per year that accrues daily.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 48126NQX8.

© 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.