Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan to price contingent interest autocallables linked to indexes
By Sarah Lizee
Olympia, Wash., March 20 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 31, 2023 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at the rate of at least 7.5% per year if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that period.
The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any monthly review date other than the first, second, third and final dates.
If the notes have not been called, the payout at maturity will be par unless any index finishes below its trigger value, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price March 28.
The Cusip number is 48130WK91.
© 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.