JPMorgan plans four-year review notes linked to S&P 500, Russell 2000

By Susanna Moon

Chicago, Sept. 26 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Oct. 13, 2022 linked to the worse 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 called at par plus an annual call premium of at least 9.65% if each index closes at or above its initial level on any annual review date after one year.

If the notes are not called, the payout at maturity will be par plus the contingent minimum return of 10% unless any underlying index finishes below 70% trigger level, in which case investors will be fully exposed to the decline 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 Oct. 3.

The Cusip number is 48130UMN2.

© 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.