JPMorgan plans 5% single observation autocallables on fund, Russell

By Jennifer Chiou

New York, Sept. 3 – JPMorgan Chase & Co. plans to price 5% single observation autocallable yield notes due March 10, 2016 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if the closing level of each underlying asset is greater than or equal to its initial level on any quarterly call date beginning on March 5, 2015.

If the notes are not called, the payout at maturity will be par unless the final level of either underlying asset is less than its initial level by more than 20%, in which case investors will lose 1% for every 1% that the lesser-performing underlying asset declines beyond 20%.

The notes (Cusip: 48127DZD3) will price on Sept. 5 and settle on Sept. 10.

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.