JPMorgan plans contingent interest autocallables tied to three stocks

By Susanna Moon

Chicago, Oct. 7 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 26, 2017 linked to the least performing of the common stock of Apple Inc. and the class A common stocks of Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% to 10.5% if each stock closes at or above its 70% coupon barrier level on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any review date other than the final review date.

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

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 21 and settle on Oct. 26.

The Cusip number is 46646EU42.

© 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.