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JPMorgan to settle 6.3% yield notes tied to Russell, MSCI EAFE index
By Emma Trincal
New York, Feb. 18 – JPMorgan Chase Financial Co. LLC will settle 6.3% yield notes due Feb. 23, 2022 linked to the lesser performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay at least 6.3% per annum payable monthly. The exact interest rate will be set at pricing.
If the final level of each index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus the last coupon. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
The notes were expected to price on Feb. 17 and to settle on Feb. 22.
The Cusip number is 48132R5X4.
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