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

By Susanna Moon

Chicago, April 24 – JPMorgan Chase & Co. plans to price autocallable 6% yield notes due Aug. 24, 2016 linked to the least performing of the iShares MSCI Emerging Markets exchange-traded fund, the Financial Select Sector SPDR fund and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each underlying component closes at or above its initial level on any quarterly review date other than the final one.

The payout at maturity will be par unless any underlying component ever closes below its trigger level, 66% of its initial level, on any day during the life of the notes and the final level of any underlying component is less than its initial level, in which case investors will be fully exposed to any losses of the worst performing underlying component.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 19 and settle on May 22.

The Cusip number is 48125UPG1.

© 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.