By Susanna Moon
Chicago, Aug. 22 – JPMorgan Chase & Co. priced $1.04 million of 6% autocallable yield notes due Nov. 25, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing 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 quarterly call date.
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.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF and Russell 2000 index
|
| Amount: | $1,038,000
|
| Maturity: | Nov. 25, 2015
|
| Coupon: | 6%, payable monthly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless any component ever falls by more than buffer during life of notes and return of worst performing component is negative, in which case full exposure to losses of worst performing component
|
| Call: | At par plus accrued interest if each component closes at or above its initial level on any of four quarterly call dates
|
| Buffer amounts: | $15.3204 for EM fund, $22.6134 for EAFE fund, 393.5541 for Russell; 34% of initial levels
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 48127DWB0
|
|
|
© 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.
