By Jennifer Chiou
New York, March 24 – JPMorgan Chase & Co. priced $1.75 million of 5.55% callable yield notes due Sept. 27, 2016 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date other than the final date.
The payout at maturity will be par unless either index finishes below its trigger level, 70% of its initial level, in which case investors will experience a loss proportionate to the decline of the lesser-performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable yield notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $1.75 million
|
| Maturity: | Sept. 27, 2016
|
| Coupon: | 5.55%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below trigger level, in which case investors will experience loss proportionate to decline of lesser-performing component
|
| Call option: | At par on any interest payment date other than final date
|
| Initial levels: | 3,726.07 for Euro Stoxx 50 and 1,266.373 for Russell 2000
|
| Trigger levels: | 2,608.249 for Euro Stoxx 50 and 886.4611 for Russell 2000; 70% of initial levels
|
| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48125UHV7
|
|
|
© 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.
