JPMorgan plans 6% autocallable yield notes linked to index, funds

By Jennifer Chiou

New York, Aug. 6 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due Nov. 25, 2015 linked to the Russell 2000 index, iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, 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 each component closes at or above its initial level on any of four quarterly call dates.

A trigger event will occur if any component closes below its initial level by more than the 34% buffer amount on any trading day during the life of the notes.

The payout at maturity will be par unless a trigger event occurs and the return of the worst performing component is negative, in which case investors will share in losses of the worst performing component.

The notes (Cusip: 48127DWB0) will price on Aug. 20 and settle on Aug. 25.

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.