| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
JPMorgan plans 7%-9% autocallable yield notes on S&P, Russell 2000
By Jennifer Chiou
New York, Aug. 1 - JPMorgan Chase & Co. plans to price 7% to 9% autocallable yield notes due Aug. 30, 2013 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus accrued interest if the underlying indexes close above their initial levels on any of three call dates. The call dates are Nov. 27, 2012, Feb. 25, 2013 and May 28, 2013.
A trigger event will occur if either index falls by more than 40% of the initial level on any day during the life of the notes.
The payout at maturity will be par unless a trigger event occurs and the lesser-performing component finishes below its initial level, in which case investors will be exposed to those losses.
The notes (Cusip: 48125VZ60) will price on Aug. 28 and settle on Aug. 31.
J.P. Morgan Securities LLC is the agent.
© 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.