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JPMorgan plans 6% autocallable yield notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., June 5 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due Dec. 20, 2016 linked to the S&P 500 index 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 index closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price June 15 and settle June 18.
The Cusip number is 48125UWU2.
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