By Jennifer Chiou
New York, Jan. 7 – JPMorgan Chase & Co. priced $7.5 million of autocallable notes due Jan. 10, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 11.75% if each component closes at or above the initial level on any annual call valuation date beginning on Jan. 12, 2016.
If the notes are not called and each index finishes at or above its barrier level, 80% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worst-performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $7.5 million
|
| Maturity: | Jan. 10, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus annualized call premium of 11.75% if both indexes finish at or above the initial level on an annual call date
|
| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to worst-performing index
|
| Initial levels: | 2,020.58 for S&P 500, 1,181.346 for Russell 2000
|
| Barrier levels: | 1,616.464 for S&P 500, 945.0768 for Russell 2000; 80% of initial levels
|
| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127D5D6
|
|
|
© 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.
