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JPMorgan plans 5%-7% one-year yield notes linked to S&P 500, Russell
By Susanna Moon
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC plans to price 5% to 7% yield notes due Nov. 24, 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 will be guaranteed by JPMorgan Chase & Co.
Interest will be 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 to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Dec. 20.
The Cusip number is 46646QBT1.
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