JPMorgan plans contingent interest autocallables on Stoxx, Russell

By Susanna Moon

Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 30, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on the review date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any review date other than the first and final dates.

The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 46646QTY1.

© 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.