JPMorgan plans autocallables linked to MSCI Emerging Markets, Russell

By Angela McDaniels

Tacoma, Wash., Aug. 14 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable notes due Aug. 20, 2020 linked to the lesser performing of the MSCI Emerging Markets 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.

The notes will be automatically called at par plus a call premium if each index closes at or above its call value on Aug. 23, 2018, Aug. 16, 2019 or Aug. 17, 2020. The call premium is expected to be at least 11% per year and will be set at pricing. For each index, the call value will be 100%, 95% and 90% of its initial level on the first, second and third call valuation dates, respectively.

The payout at maturity will be par unless either index finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price Aug. 16.

The Cusip number is 46647MP31.

© 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.