| 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 contingent interest accrual callables tied to Russell
By Susanna Moon
Chicago, June 15 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest accrual notes due July 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of at least 5.5% for each day that the index closes at or above its 80% coupon barrier for that month.
The notes are callable at par plus the contingent on any interest payment date other than the first through 11th dates and the final date.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for each 1% decline beyond the 20% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on June 27.
The Cusip number is 46647MLN1.
© 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.