| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
JPMorgan plans 4.25%-6.25% yield notes linked to S&P, Russell
By Tali Rackner
Norfolk, Va., Sept. 16 – JPMorgan Chase Financial Co. LLC plans to price 4.25% to 6.25% yield notes due Aug. 31, 2017, linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly, with the exact rate to be set at pricing.
The payout at maturity will be par unless either index closes below its trigger level, 70% 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 Sept. 27 and settle on Sept. 30.
The Cusip number is 46646EXN7.
© 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.