Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Comcast Corp. > News item |
JPMorgan plans 8% contingent interest autocalls tied to Comcast
By Wendy Van Sickle
Columbus, Ohio, March 8 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 18, 2020 linked to Comcast Corp. class A common stock, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 8% if the stock closes at or above the 78% coupon barrier on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the first and final dates.
The payout at maturity will be par plus unless the stock finishes below its initial level and ever closes below the 78% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on March 13.
The Cusip number is 48130WF55.
© 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.