JPMorgan plans 6% single observation callable yield notes on indexes

By Susanna Moon

Chicago, Nov. 19 - JPMorgan Chase & Co. plans to price 6% single observation callable yield notes due May 28, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless the final level of either underlying index is less than 70% of its initial level, in which case investors will receive par plus the return of the worse-performing index.

The notes will be callable at par on any interest payment date.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 20 and settle on Nov. 28.

The Cusip number is 48126DJG5.

© 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.