JPMorgan to price 2.7% trigger callable yield notes linked to indexes

By Devika Patel

Knoxville, Tenn., April 4 – JPMorgan Chase Financial Co. LLC plans to price trigger callable yield notes due Oct. 11, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The interest rate is expected to be at least 2.7% per year and will be payable quarterly for a total coupon payment of at least 1.35% for the term of the notes. The exact coupon will be set at pricing.

On July 5, 2018, the notes will be callable at par plus the coupon.

The payout at maturity will be par of $10 plus the final coupon unless any index finishes below its 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst-performing index from its initial level.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 48129L280) will price on April 5 and settle April 10.

© 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.