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JPMorgan plans autocallables with trigger linked to Stoxx 50, Russell
By Susanna Moon
Chicago, Aug. 31 – JPMorgan Chase Financial Co. LLC plans to price autocallable notes due Sept. 6, 2019 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 notes will be called at an annual call premium of at least 13.35% if each index closes at or above its call level on any of three annual review dates. The call level will be 100% of the initial level on the first call date, stepping down to 95% of the initial level on the second call date and to 90% of the initial level on the third call date.
The payout at maturity will be par unless either index closes below its 70% trigger level, in which case investors will be fully exposed any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Sept. 1 and settle on Sept. 7.
The Cusip number is 46646EXZ0.
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