Published on 12/24/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.49 million 6% autocallable yield notes linked to three indexes
By Susanna Moon
Chicago, Dec. 24 – JPMorgan Chase & Co. priced $1.49 million of 6% autocallable yield notes due March 24, 2017 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 any review date other than the final date.
If the notes are not called, the payout at maturity will be par unless any index closes below its trigger level, 64.75% 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 any losses 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, Russell 2000 and Euro Stoxx 50
|
| Amount: | $1,492,000
|
| Maturity: | March 24, 2017
|
| Coupon: | 6%, payable monthly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless any index falls and any index ever closes below trigger, in which case full exposure to any losses of worst performing index
|
| Call: | At par if each index closes at or above initial level on any review date other than the final date
|
| Initial levels: | 1,308.69463 for S&P, 730.21295 for Russell and 2,080.42398 for Euro Stoxx
|
| Trigger levels: | 2,021.15 for S&P, 1,127.742 for Russell and 3,213.01 for Euro Stoxx; 64.75% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.475%
|
| Cusip: | 48128GFF2
|
|
|
|
|
© 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.
