| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan plans buffered callable range accrual notes linked to Russell
By Tali Rackner
Norfolk, Va., Nov. 9 – JPMorgan Chase Financial Co. LLC plans to price buffered callable range accrual notes due May 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The interest rate will be 6.6% per year multiplied by the proportion of days on which the index's closing level is greater than or equal to 80% of the initial index level. Interest will be payable monthly.
If the index return is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Beginning Nov. 30, 2017, the notes will be callable at par on any interest payment date.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 46646E5T5.
© 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.