Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Financial Select Sector SPDR fund > News item |
JPMorgan plans four-year review notes tied to financial, banking funds
By Susanna Moon
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Feb. 22, 2021 linked to the lesser performing of the Financial Select Sector SPDR fund and the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of at least 9% if each index closes at or above its initial level on an annual review date.
The payout at maturity will be par plus a contingent minimum return of 10% unless either index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 17 and settle on Feb. 27.
The Cusip number is 46646QZW8.
© 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.