JPMorgan plans contingent buffered autocallables on S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% autocallable contingent buffered equity notes due Nov. 30, 2023 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 are guaranteed by JPMorgan Chase & Co.

The notes will be automatically called at par plus a 9% annual call premium if each index closes at or above its initial level on an annual review date other than the final date.

The payout at maturity will be par plus any gain of the lesser-performing index.

Investors will receive par if either index falls by up to 50% and will otherwise lose 1% for each 1% decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 30.

The Cusip is 48130UW27.

© 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.