Published on 12/17/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $813,000 contingent income autocallables linked to three indexes
By Susanna Moon
Chicago, Dec. 17 – JPMorgan Chase & Co. priced $813,000 of contingent income callable securities due Dec. 14, 2017 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of at an annual rate of 14% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter.
The notes are callable at par on any review date other than the final review date.
The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent income callable securities
|
| Underlying indexes: | S&P 500, Russell 2000, Euro Stoxx 50
|
| Amount: | $813,000
|
| Maturity: | Dec. 14, 2017
|
| Coupon: | 14% annualized, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless any index finishes below barrier level, in which case full exposure to any losses of worst performing index
|
| Call option: | At par on any quarterly review date other than final review date
|
| Initial levels: | 2,012.37 for S&P, 1,123.608 for Russell, 3,139.24 for Stoxx
|
| Barrier levels: | 75% of initial levels
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 16
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 1.5%
|
| Cusip: | 48128GFU9
|
|
|
|
|
© 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.
