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JPMorgan plans 9.5% autocallable yield notes tied to Russell, Euro Stoxx
By Susanna Moon
Chicago, March 1 – JPMorgan Chase & Co. plans to price 9.5% autocallable yield notes due Sept. 8, 2017 linked to 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, with the exact percentage to be set at pricing.
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.
The payout at maturity will be par unless either index closes below its trigger level, 65% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 3 and settle on March 8.
The Cusip number is 48128GPP9.
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