JPMorgan plans callable yield notes linked to Euro Stoxx 50, Russell

By Angela McDaniels

Tacoma, Wash., Feb. 16 – JPMorgan Chase & Co. plans to price callable yield notes due Aug. 28, 2017 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is expected to be at least 8.5% per year and will be set at pricing. Interest will be payable quarterly.

The notes will be callable at par on any interest payment date.

If the notes are not called, the payout at maturity will be par unless either index finishes below its trigger value, 65% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Feb. 19

The Cusip number is 48128GNR7.

© 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.