JPMorgan plans contingent income autocalls on UnitedHealth Group

By Sarah Lizee

Olympia, Wash., Nov. 20 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Nov. 27, 2020 linked to the common stock of UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the shares close at or above the downside threshold level, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 8.25%.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Nov. 22.

The Cusip number is 48132J702.

© 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.