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JPMorgan plans 6% autocallable yield notes linked to two indexes
By Susanna Moon
Chicago, Aug. 18 – JPMorgan Chase & Co. plans to price 6% autocallable yield notes due March 3, 2017 linked to the worse performing of 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 review date beginning Aug. 29, 2016.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 28 and settle on Sept. 2.
The Cusip number is 48125UM74.
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