JPMorgan plans 9.5% callable yield notes tied to S&P 500, Russell 2000

By Susanna Moon

Chicago, June 14 - JPMorgan Chase & Co. plans to price 9.5% single observation callable yield notes due June 26, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either underlying index finishes below the 75% trigger level, in which case the payout will be par plus the return of the worst performing index.

The notes are callable at par on any quarterly interest payment date other than at maturity.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 19 and settle on June 26.

The Cusip number is 48125VG61.

© 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.