JPMorgan plans callable yield notes tied to Russell 2000, Euro Stoxx

By Marisa Wong

Madison, Wis., April 10 – JPMorgan Chase & Co. plans to price callable yield notes due Oct. 24, 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.

The notes will pay a coupon of at least 5.6%, with the exact rate to be set at pricing. 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 be fully exposed to the decline of the lesser-performing component.

J.P. Morgan Securities LLC is the agent.

The note will price on April 17 and settle on April 24.

The Cusip number is 48125UNG3.

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