JPMorgan plans contingent coupon callable yield notes on three indexes

By Susanna Moon

Chicago, Feb. 12 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Feb. 22, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 7.7% if each underlying index closes at or above its 65% coupon barrier level on the observation date for that quarter. The exact coupon will be set at pricing.

The notes are callable at par plus the contingent coupon on any interest payment date other than the final date.

The payout at maturity will be par unless any index finishes below its 65% trigger level, in which case investors will receive par plus the return of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 16 and settle on Feb. 19.

The Cusip number is 48128GNK2.

© 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.