JPMorgan eyes autocallable contingent interest notes on three indexes

Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Dec. 22, 2023 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly at a rate of at least 5.75% a year, with the exact percentage to be set at pricing, if each index closes above its 60% interest barrier on any interest review date.

The notes will be called at par plus the interest payment if each index closes at or above its initial level on any review date other than the final review date beginning December 19, 2019.

The payout at maturity will be par plus the final coupon unless any index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% loss of the worst performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WKR1) will price on Dec. 19 and settle on Dec. 24.

© 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.