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JPMorgan plans autocallables linked to Vanguard FTSE Emerging Markets
By Susanna Moon
Chicago, Dec. 3 - JPMorgan Chase & Co. plans to price 0% autocallable notes due Dec. 9, 2016 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of at least 10.25% if the fund closes at or above its initial level on any of three annual call dates.
The payout at maturity will be par unless the index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 4 and settle on Dec. 9.
The Cusip number is 48126NK71.
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