JPMorgan plans 8.5%-9.5% autocallable yield notes on index, two funds

By Marisa Wong

Madison, Wis., Dec. 14 - JPMorgan Chase & Co. plans to price 8.5% to 9.5% autocallable yield notes due Dec. 24, 2013 linked to the least performing of the Market Vectors Gold Miners exchange-traded fund, the SPDR S&P Metals & Mining exchange-traded fund and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if each underlying closes at or above its initial level on June 19, 2013 or Sept. 19, 2013.

A trigger event will occur if the closing level of any underlying component is less than its initial level by more than 40% on any day during the life of the notes.

The payout at maturity will be par unless any underlying finishes below its initial level and a trigger event has occurred, in which case investors will lose 1% for every 1% that the worst-performing component declines below its initial level.

The notes (Cusip: 48126DPT0) will price on Dec. 19 and settle on Dec. 24.

J.P. Morgan Securities LLC is the agent.

© 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.