New Issue: JPMorgan prices $1.13 million autocallables on S&P 500, Russell 2000

By Jennifer Chiou

New York, Sept. 9 - JPMorgan Chase & Co. priced $1.13 million of autocallable yield notes due Sept. 9, 2016 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus 11.6% per year if the indexes close above their initial levels on three annual call dates.

If the notes have not been called and the least-performing index falls by up to 20%, investors will receive par.

Otherwise, investors will share fully in the losses of the least-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1.13 million
Maturity:	Sept. 9, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par if least-performing index falls by up to 20%; otherwise, exposure to losses
Call:	At par plus 11.6% per year if both underlying indexes close at or above initial levels on any annual call date
Initial levels:	1,655.08 for S&P 500 and 1,028.69 for Russell
Barrier levels:	1,324.064 for S&P 500, 822.952 for Russell, 80% of initial levels
Pricing date:	Sept. 5
Settlement date:	Sept. 10
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48126NRC3

© 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.