Published on 11/25/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.36 million 6% autocallable yield notes linked to three indexes
By Tali Rackner
Norfolk, Va., Nov. 25 – JPMorgan Chase & Co. priced $1.36 million of 6% autocallable yield notes due Nov. 25, 2016 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 Feb. 18, 2016, May 18, 2016, or Aug. 18, 2016.
If the notes are not called, the payout at maturity will be par unless any index closes below its trigger value, 69% of its initial level, during the life of the notes and any 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.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | S&P 500, Russell 2000 and Euro Stoxx 50
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| Amount: | $1,364,000
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| Maturity: | Nov. 25, 2016
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| Coupon: | 6%, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless either index closes below trigger value during life of notes and either index finishes below initial level, in which case full exposure to decline of worst-performing index
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| Call: | Automatically at par if each index closes at or above initial level on Feb. 18, 2016, May 18, 2016, or Aug. 18, 2016
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| Initial index levels: | 2,083.58 for S&P 500, 1,171.75 for Russell 2000 and 3,431.92 for Euro Stoxx 50
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| Trigger values: | 1,437.6702 for S&P 500, 808.5075 for Russell 2000 and 2,368.0248 for Euro Stoxx 50; 69% of initial levels
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| Pricing date: | Nov. 18
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| Settlement date: | Nov. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.475%
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| Cusip: | 48128GCG3
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