Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Facebook, Inc. > News item |
JPMorgan plans contingent interest autocallable notes linked to Facebook
By Susanna Moon
Chicago, July 21 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Aug. 10, 2016 linked to the class A common stock of Facebook Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.4% if Facebook shares close at or above the barrier level, 80% of the initial share price, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if Facebook shares close at or above the initial share price on any review date other than the final review date.
The payout at maturity will be par plus the final contingent interest payment unless Facebook stock finishes below the 80% trigger level, in which case investors will receive par plus the return with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 24 and settle on July 29.
The Cusip number is 48125UB50.
© 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.