JPMorgan plans 7.25%-9.25% contingent interest autocalls on indexes

By Susanna Moon

Chicago, July 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Jan. 31, 2020 linked to the lesser 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 will pay a contingent monthly coupon at an annual rate of 7.25% to 9.25% if each index closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first, second and final dates.

The payout at maturity will be par unless any index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 26.

The Cusip number is 48129ME69.

© 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.