Published on 10/1/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $927,000 8.25% autocallable yield notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., Oct. 1 – JPMorgan Chase & Co. priced $927,000 of 8.25% autocallable yield notes due Oct. 3, 2016 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is 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.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $927,000
|
| Maturity: | Oct. 3, 2016
|
| Coupon: | 8.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index closes below trigger level on any day during life of notes and either index finishes below initial level, in which case full exposure to decline of worst-performing index
|
| Call: | Automatically at par if each index closes at or above initial level on any quarterly review date other than final review date
|
| Initial index levels: | 1,931.34 for S&P 500 and 1,122.789 for Russell 2000
|
| Trigger values: | 1,351.938 for S&P 500 and 785.9523 for Russell 200; 70% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.27848%
|
| Cusip: | 48125UV33
|
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