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JPMorgan plans autocallables due 2020 tied to Stoxx 50, Russell 2000
By Susanna Moon
Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable notes due Oct. 1, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Securities and Exchange Commission.
The notes will be called at par plus a call premium of at least 11.25% if each index closes at or above its call level on any call valuation date. The call level will be 100% of the initial level on the first call valuation date, stepping down to 95% for the second valuation date and to 90% for the final valuation date.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 26.
The Cusip number is 46647M5K5.
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