JPMorgan plans callable contingent interest notes linked to two indexes

By Susanna Moon

Chicago, Oct. 17 - JPMorgan Chase & Co. plans to price buffered autocallable contingent interest notes due Nov. 21, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its 65% barrier level on a semiannual review date, the notes will pay a coupon at an annual rate of 5% to 7% for that period. The exact contingent semiannual coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if each index closes above its initial level on any review date other than the final review date.

The payout at maturity will be par plus the contingent coupon unless either index finishes below the 65% trigger level, in which case investors will lose 1.5385% for each 1% decline in the lesser performing component.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 15 and settle on Nov. 20.

The Cusip number is 48126NXZ5.

© 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.