Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for FedEx Corp. > News item |
JPMorgan plans contingent interest autocallables tied to three stocks
By Angela McDaniels
Tacoma, Wash., Sept. 9 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Sept. 28, 2018 linked to the worst performing of the common stocks of FedEx Corp., Exxon Mobil Corp. and United Continental Holdings, Inc., according to an FWP filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon if each underlying stock closes at or above its barrier, 50% of its initial share price, on the review date for that month. The contingent coupon rate is expected to be 9% to 11% per year and will be set at pricing.
The notes will be called at par plus the coupon if each stock closes at or above its initial share price on any quarterly review date.
If the notes are not called, the payout at maturity will be par unless any stock finishes below its barrier, in which case investors will be fully exposed to the decline of the worst-performing stock.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Sept. 25 and settle Sept. 30.
The Cusip number is 48125U4F6.
© 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.